Under Armour, Inc. (NYSE:UA) was the target of unusually large options trading on Friday. Traders purchased 8,545 call options on the company. This represents an increase of approximately 428% compared to the average daily volume of 1,617 call options.
Shares of Under Armour (UA) traded up 1.65% on Friday, reaching $16.61. The company’s stock had a trading volume of 4,049,092 shares. The firm has a 50 day moving average price of $19.12 and a 200-day moving average price of $19.19. The stock has a market cap of $7.32 billion, a PE ratio of 33.62 and a beta of 0.78. Under Armour has a 12-month low of $16.15 and a 12-month high of $42.94.
Under Armour (NYSE:UA) last announced its earnings results on Tuesday, August 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The company 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%. Equities research analysts expect that Under Armour will post $0.41 EPS for the current year.
In other news, insider Kerry D. Chandler sold 5,965 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $19.79, for a total transaction of $118,047.35. Following the completion of the transaction, the insider now directly owns 114,108 shares in the company, valued at $2,258,197.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A B. Krongard sold 4,717 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $19.70, for a total value of $92,924.90. Following the transaction, the director now owns 73,939 shares of the company’s stock, valued at $1,456,598.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,399 shares of company stock valued at $304,605. 16.50% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tobam purchased a new position in shares of Under Armour during the first quarter worth $5,355,000. Goodman Financial Corp purchased a new position in shares of Under Armour during the first quarter worth $4,643,000. Grandeur Peak Global Advisors LLC raised its position in shares of Under Armour by 2.8% in the first quarter. Grandeur Peak Global Advisors LLC now owns 47,250 shares of the company’s stock worth $935,000 after buying an additional 1,300 shares in the last quarter. Kessler Investment Group LLC purchased a new position in shares of Under Armour during the second quarter worth $252,000. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Under Armour by 1,919.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 174,674 shares of the company’s stock worth $3,517,000 after buying an additional 166,024 shares in the last quarter. 56.54% of the stock is currently owned by institutional investors and hedge funds.
UA has been the subject of several analyst reports. Vetr upgraded Under Armour from a “buy” rating to a “strong-buy” rating and set a $21.15 price target for the company in a report on Monday, May 15th. Stifel Nicolaus restated a “hold” rating and set a $19.00 price target on shares of Under Armour in a report on Friday, April 28th. Canaccord Genuity set a $20.00 price target on Under Armour and gave the company a “hold” rating in a report on Thursday, April 20th. Robert W. Baird reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Under Armour in a research report on Friday, April 14th. Finally, BidaskClub cut Under Armour from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Eight analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Under Armour presently has a consensus rating of “Hold” and an average price target of $19.02.
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About Under Armour
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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