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

Under Armour, Inc. (NYSE:UA) was the target of unusually large options trading on Monday. Stock investors purchased 12,983 call options on the company. This represents an increase of approximately 375% compared to the typical volume of 2,733 call options.

A number of hedge funds have recently added to or reduced their stakes in UA. CQS Cayman LP raised its stake in Under Armour by 696.2% in the second quarter. CQS Cayman LP now owns 505,449 shares of the company’s stock worth $10,190,000 after buying an additional 441,970 shares during the period. Global Endowment Management LP acquired a new stake in Under Armour during the second quarter worth about $389,000. Virtu KCG Holdings LLC raised its stake in Under Armour by 31.3% in the second quarter. Virtu KCG Holdings LLC now owns 36,108 shares of the company’s stock worth $728,000 after buying an additional 8,606 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in Under Armour by 164.4% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 112,430 shares of the company’s stock worth $2,267,000 after buying an additional 69,903 shares during the period. Finally, WealthPLAN Partners LLC raised its stake in Under Armour by 3,353.7% in the second quarter. WealthPLAN Partners LLC now owns 113,316 shares of the company’s stock worth $2,284,000 after buying an additional 110,035 shares during the period. 56.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Under Armour (NYSE:UA) traded down 0.12% during trading on Friday, hitting $16.80. The company’s stock had a trading volume of 1,951,039 shares. Under Armour has a 1-year low of $16.02 and a 1-year high of $42.94. The company has a market capitalization of $7.41 billion, a P/E ratio of 34.01 and a beta of 0.78. The firm’s 50 day moving average is $18.41 and its 200-day moving average is $18.83.

Under Armour (NYSE:UA) last released its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.04. The firm had revenue of $1.09 billion for the quarter. Under Armour had a return on equity of 11.06% and a net margin of 4.38%. Analysts forecast that Under Armour will post $0.38 EPS for the current fiscal year.

UA has been the subject of a number of research reports. Vetr cut Under Armour from a “strong-buy” rating to a “buy” rating and set a $21.29 target price for the company. in a report on Monday, May 8th. Zacks Investment Research upgraded Under Armour from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Saturday, April 29th. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 target price on shares of Under Armour in a report on Friday, May 19th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $19.00 target price on shares of Under Armour in a report on Friday, April 28th. Eight research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.99.

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Under Armour Company Profile

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

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