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

Under Armour, Inc. (NYSE:UAA) was the target of unusually large options trading on Thursday. Stock investors acquired 11,962 call options on the company. This represents an increase of approximately 68% compared to the typical daily volume of 7,100 call options.

Insider Transactions at Under Armour

In other Under Armour news, insider Mehri Shadman sold 17,240 shares of Under Armour stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $8.76, for a total transaction of $151,022.40. Following the completion of the sale, the insider now directly owns 182,538 shares in the company, valued at approximately $1,599,032.88. The trade was a 8.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David Bergman sold 30,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,879 shares of company stock worth $508,642. Insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Under Armour

Institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its stake in shares of Under Armour by 163.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,900 shares of the company’s stock valued at $26,000 after buying an additional 1,800 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Under Armour in the third quarter worth approximately $56,000. CWM LLC increased its stake in Under Armour by 20.7% during the third quarter. CWM LLC now owns 8,211 shares of the company’s stock worth $73,000 after acquiring an additional 1,409 shares during the last quarter. City State Bank raised its position in Under Armour by 292.6% in the third quarter. City State Bank now owns 10,063 shares of the company’s stock valued at $90,000 after purchasing an additional 7,500 shares during the period. Finally, Baker Avenue Asset Management LP acquired a new position in shares of Under Armour in the 3rd quarter valued at $92,000. 34.58% of the stock is owned by hedge funds and other institutional investors.

Under Armour Stock Down 8.1 %

UAA stock opened at $8.81 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average of $9.34 and a two-hundred day moving average of $8.04. Under Armour has a 12 month low of $6.17 and a 12 month high of $11.89. The company has a market cap of $3.81 billion, a price-to-earnings ratio of -293.67 and a beta of 1.69.

Wall Street Analysts Forecast Growth

UAA has been the subject of a number of research reports. Telsey Advisory Group restated a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research report on Friday. Robert W. Baird boosted their price objective on Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Truist Financial upped their target price on Under Armour from $8.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Wells Fargo & Company lifted their price target on Under Armour from $8.00 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, TD Cowen upped their price objective on Under Armour from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.34.

Under Armour Company Profile

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.