Traders Purchase High Volume of Under Armour Call Options (UA)

Marco Green
July 20, 2017

Vetr now has $21.02 target price on the stock.

A number of equities research analysts have commented on UA shares. Instinet downgraded shares of Under Armour from a neutral rating to a reduce rating and set a $16.00 price objective for the a report on Monday, February 27th. Under Armour has a 12-month low of $17.05 and a 12-month high of $42.94. Vetr raised Under Armour from a "sell" rating to a "hold" rating and set a $19.90 price objective on the stock in a research note on Thursday, June 15th. Finally, FBR & Co reissued a neutral rating and set a $18.00 price target on shares of Under Armour in a research note on Friday, April 14th. Nine research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and seven have given a buy rating to the company. Wells Fargo & Company restated a "market perform" rating and issued a $19.00 price target on shares of Under Armour in a report on Friday, June 9th.

Under Armour (NYSE:UA) opened at 18.8344 on Tuesday. The firm has a market cap of $8.23 billion, a P/E ratio of 47.17 and a beta of 0.82. The firm's 50-day moving average is $26.06 and its 200-day moving average is $23.70. Under Armour also saw some unusual options trading activity on Tuesday. Institutional investors and hedge funds own 54.97% of the company's stock.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Thursday, April 27th. The business had revenue of $61.42 million for the quarter, compared to analysts' expectations of $34.92 million.

Management effectiveness shows return on equity and return on assets for the trailing twelve months at 12.52% and 7.18% respectively. The business's revenue was up 6.7% compared to the same quarter previous year. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.62 by $0.07. If you are reading this story on another site, it was illegally stolen and reposted in violation of USA & worldwide copyright and trademark legislation. If you are accessing this report on another website, it was stolen and republished in violation of United States & global trademark and copyright legislation. Under Armour, Inc. (NYSE:UAA), at its latest closing price of $20.39, it has a price-to-book ratio of 4.44, compared to an industry average at 5.34. The company has its outstanding shares of 80.29 million. The stock was sold at an average price of $21.40, for a total value of $102,698.60. However, the volume average of the last three months is 0.09 million shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

In related news, COO Mark Gruber purchased 2,000 shares of ARMOUR Residential REIT stock in a transaction dated Thursday, May 4th. Following the completion of the transaction, the insider now owns 12,803 shares in the company, valued at $273,728.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,519 shares of company stock worth $331,652. If it moves beyond 70 but cannot hold this ground and instead falls below 70, it could be an indication that the market is overbought and prone to become bearish, at least in the short term. Tobam bought a new position in Under Armour during the first quarter worth $5,355,000.

Needham & Company LLC initiated coverage on shares of Under Armour, Inc. NEXT Financial Group Inc purchased a new stake in shares of Under Armour during the second quarter worth about $204,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Under Armour during the fourth quarter worth $2,446,000. Bridgecreek Investment Management LLC now owns 262,140 shares of the company's stock worth $5,185,000 after buying an additional 7,870 shares during the period.

11/16/2015 - ARMOUR Residential REIT, Inc. had its "market perform" rating reiterated by analysts at Keefe, Bruyette & Woods.

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