Investors Buy Large Volume of Call Options on Under Armour (NYSE:UA)

Under Armour, Inc. (NYSE:UA) was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 26,629 call options on the company. This represents an increase of approximately 1,147% compared to the average daily volume of 2,135 call options.

Insider Buying and Selling

In other news, major shareholder V Prem Et Al Watsa purchased 1,112,119 shares of Under Armour stock in a transaction dated Wednesday, January 28th. The shares were bought at an average cost of $6.21 per share, with a total value of $6,906,258.99. Following the completion of the transaction, the insider directly owned 43,000,872 shares in the company, valued at $267,035,415.12. This trade represents a 2.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 42,448,155 shares of company stock valued at $219,067,338 over the last ninety days. 15.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Under Armour

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fairfax Financial Holdings Ltd. Can purchased a new stake in shares of Under Armour in the fourth quarter worth about $45,395,000. Norges Bank purchased a new position in Under Armour during the second quarter valued at approximately $18,920,000. BDT Capital Partners LLC increased its holdings in Under Armour by 4.9% during the 2nd quarter. BDT Capital Partners LLC now owns 62,463,879 shares of the company’s stock worth $405,391,000 after acquiring an additional 2,898,561 shares during the period. Millennium Management LLC lifted its stake in Under Armour by 153.7% in the 3rd quarter. Millennium Management LLC now owns 2,346,929 shares of the company’s stock worth $11,336,000 after purchasing an additional 1,421,981 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Under Armour by 99.8% in the 2nd quarter. Corient Private Wealth LLC now owns 2,005,844 shares of the company’s stock valued at $13,018,000 after purchasing an additional 1,002,037 shares during the period. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Stock Performance

Under Armour stock traded up $0.51 during midday trading on Tuesday, hitting $7.48. The company’s stock had a trading volume of 2,632,503 shares, compared to its average volume of 6,694,174. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 0.92. The company has a market cap of $3.18 billion, a price-to-earnings ratio of -6.10 and a beta of 1.74. Under Armour has a 1-year low of $3.95 and a 1-year high of $7.70. The company has a 50-day moving average price of $5.47 and a two-hundred day moving average price of $5.00.

Under Armour (NYSE:UA) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.11. Under Armour had a positive return on equity of 1.48% and a negative net margin of 10.44%.The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Under Armour has set its FY 2026 guidance at 0.10-0.110 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citigroup cut Under Armour from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Under Armour in a report on Monday, December 29th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Under Armour Company Profile

Under Armour, Inc is a global designer, marketer and distributor of branded performance apparel, footwear and accessories. The company’s product portfolio spans a wide range of athletic categories, including running, training, basketball, outdoor and golf, with specialized lines for men, women and youth. Under Armour emphasizes innovative fabrics and technologies designed to enhance athletic performance, such as moisture-wicking HeatGear®, cold-weather ColdGear® and UV-protective UA Tech™ materials.

The company was founded in 1996 by former University of Maryland football captain Kevin Plank, who sought to create a superior moisture-wicking T-shirt to keep athletes cool and dry.