Under Armour Target of Unusually Large Options Trading (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA) was the recipient of unusually large options trading activity on Friday. Traders acquired 13,363 put options on the company. This is an increase of approximately 79% compared to the average volume of 7,460 put options.

Analyst Ratings Changes

A number of analysts have commented on UAA shares. Argus raised shares of Under Armour to a “strong-buy” rating in a research report on Thursday, August 15th. Truist Financial lifted their target price on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 8th. UBS Group increased their price target on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays lifted their price objective on shares of Under Armour from $8.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company raised their price target on shares of Under Armour from $8.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.16.

Under Armour Stock Performance

Shares of NYSE:UAA traded down $0.67 during trading on Friday, hitting $8.92. 5,357,365 shares of the company were exchanged, compared to its average volume of 10,126,983. The company has a market cap of $3.86 billion, a PE ratio of -299.23 and a beta of 1.69. Under Armour has a 52-week low of $6.17 and a 52-week high of $11.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The stock has a 50 day moving average of $9.34 and a 200 day moving average of $8.03.

Insiders Place Their Bets

In related news, CFO David Bergman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the transaction, the chief financial officer now owns 494,210 shares in the company, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mehri Shadman sold 17,240 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the sale, the insider now directly owns 182,538 shares in the company, valued at $1,599,032.88. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,879 shares of company stock valued at $508,642. 15.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Under Armour

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its position in Under Armour by 144,746.6% during the third quarter. FMR LLC now owns 9,659,823 shares of the company’s stock valued at $86,069,000 after purchasing an additional 9,653,154 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Under Armour by 33,725.1% during the 3rd quarter. Pacer Advisors Inc. now owns 9,598,890 shares of the company’s stock worth $85,526,000 after acquiring an additional 9,570,512 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Under Armour by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock worth $62,376,000 after acquiring an additional 1,051,143 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Under Armour by 6.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,740,622 shares of the company’s stock valued at $51,149,000 after acquiring an additional 327,979 shares during the last quarter. Finally, Maven Securities LTD lifted its stake in Under Armour by 11.8% during the second quarter. Maven Securities LTD now owns 1,341,798 shares of the company’s stock worth $8,950,000 after purchasing an additional 141,556 shares during the last quarter. 34.58% of the stock is currently owned by institutional investors.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.