Traders Purchase Large Volume of Call Options on Under Armour (NYSE:UA)

Under Armour, Inc. (NYSE:UA) was the target of some unusual options trading activity on Friday. Investors acquired 14,969 call options on the company. This represents an increase of 249% compared to the average daily volume of 4,295 call options.

A number of equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of Under Armour from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $23.00 to $24.00 in a research note on Wednesday, February 2nd. TheStreet upgraded Under Armour from a “c” rating to a “b-” rating in a research note on Tuesday, November 2nd. Robert W. Baird upgraded Under Armour from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 4th. Finally, B. Riley reduced their price objective on Under Armour from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $26.75.

NYSE:UA opened at $15.36 on Friday. The business’s 50-day simple moving average is $17.35 and its two-hundred day simple moving average is $18.87. Under Armour has a 52 week low of $14.95 and a 52 week high of $23.00. The stock has a market cap of $7.31 billion, a PE ratio of 16.34 and a beta of 1.30. The company has a quick ratio of 1.69, a current ratio of 2.31 and a debt-to-equity ratio of 0.34.

Several large investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. lifted its holdings in shares of Under Armour by 42.2% in the third quarter. Daiwa Securities Group Inc. now owns 1,632 shares of the company’s stock worth $29,000 after buying an additional 484 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Under Armour in the second quarter worth $35,000. Allworth Financial LP lifted its holdings in shares of Under Armour by 1,372.9% in the third quarter. Allworth Financial LP now owns 2,990 shares of the company’s stock worth $52,000 after buying an additional 2,787 shares in the last quarter. CWM LLC purchased a new position in shares of Under Armour in the fourth quarter worth $55,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Under Armour by 66.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,191 shares of the company’s stock worth $58,000 after buying an additional 1,271 shares in the last quarter. Hedge funds and other institutional investors own 35.56% of the company’s stock.

About Under Armour

Under Armour, Inc engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The North America segment comprises of U.S.

Featured Stories

Want More Great Investing Ideas?

Leave a Reply

Your email address will not be published.