Traders Buy High Volume of Under Armour Put Options (NYSE:UAA)

Under Armour, Inc. (NYSE:UAA) saw unusually large options trading on Wednesday. Traders bought 86,993 put options on the company. This is an increase of approximately 3,411% compared to the typical daily volume of 2,478 put options.

Under Armour Price Performance

UAA traded down $0.34 during trading on Wednesday, hitting $6.41. The company’s stock had a trading volume of 2,775,050 shares, compared to its average volume of 9,953,378. The company has a quick ratio of 1.08, a current ratio of 1.62 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -5.53, a price-to-earnings-growth ratio of 2.16 and a beta of 1.67. The firm’s 50 day moving average price is $5.89 and its two-hundred day moving average price is $6.10. Under Armour has a 12 month low of $4.13 and a 12 month high of $8.15.

Under Armour (NYSE:UAA) last announced its earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Under Armour had a positive return on equity of 3.01% and a negative net margin of 9.98%.The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted ($0.08) earnings per share. Under Armour has set its FY 2027 guidance at 0.080-0.120 EPS and its Q1 2027 guidance at 0.000-0.020 EPS. Sell-side analysts forecast that Under Armour will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on UAA shares. BNP Paribas Exane dropped their price target on Under Armour from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Stifel Nicolaus set a $6.00 target price on Under Armour and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Telsey Advisory Group reduced their target price on Under Armour from $6.00 to $5.50 and set a “market perform” rating for the company in a report on Wednesday, May 13th. UBS Group reissued a “buy” rating and issued a $10.00 price target (down from $11.00) on shares of Under Armour in a research note on Thursday, May 14th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $6.00 price objective on shares of Under Armour in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $5.91.

Insider Transactions at Under Armour

In other Under Armour news, major shareholder V Prem Et Al Watsa acquired 739,521 shares of Under Armour stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $4.97 per share, for a total transaction of $3,675,419.37. Following the transaction, the insider owned 44,179,116 shares in the company, valued at approximately $219,570,206.52. This trade represents a 1.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought 1,178,344 shares of company stock worth $5,865,147 over the last quarter. 15.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Fairfax Financial Holdings Ltd. Can grew its position in shares of Under Armour by 564.8% during the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 41,958,923 shares of the company’s stock worth $208,536,000 after buying an additional 35,647,123 shares during the period. Marshall Wace LLP lifted its holdings in Under Armour by 113.8% in the third quarter. Marshall Wace LLP now owns 6,296,543 shares of the company’s stock valued at $31,420,000 after buying an additional 3,351,976 shares during the period. Whitebox Advisors LLC bought a new position in Under Armour in the third quarter valued at approximately $11,237,000. Group One Trading LLC boosted its stake in Under Armour by 378.3% in the first quarter. Group One Trading LLC now owns 1,568,227 shares of the company’s stock valued at $9,268,000 after acquiring an additional 2,131,642 shares during the last quarter. Finally, Deltroit Asset Management UK LLP acquired a new stake in Under Armour during the 4th quarter worth $9,909,000. 34.58% of the stock is currently owned by institutional investors.

Under Armour Company Profile

Under Armour, Inc (NYSE: UAA) is a global designer, marketer and distributor of performance athletic apparel, footwear and accessories. The company’s product portfolio spans a range of categories including training and running shoes, performance apparel engineered to manage moisture and temperature, and a variety of accessories such as bags, socks and headwear. Under Armour positions its offerings to serve athletes at every level—from professionals to everyday fitness enthusiasts—by combining innovative fabrics, advanced footwear technology and functional design.

Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour initially gained recognition for its moisture-wicking T-shirts, which provided a lightweight alternative to traditional cotton.