Under Armour Inc Stock Price Could Go Up After Today’s Bullish Options Activity


 Under Armour Inc Stock Price Could Go Up After Today's Bullish Options Activity

In today’s session Under Armour Inc (UA) registered an unusually high (4,506) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious UA increase. With 4,506 contracts traded and 1494 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: UA170421C00045000 closed last at: $1.8 or 7.7% down. About 939,150 shares traded hands. Under Armour Inc (NYSE:UA) has declined 9.03% since March 1, 2016 and is downtrending. It has underperformed by 18.27% the S&P500.

Analysts await Under Armour Inc (NYSE:UA) to report earnings on October, 27. They expect $0.25 EPS, up 8.70% or $0.02 from last year’s $0.23 per share. UA’s profit will be $102.22 million for 38.52 P/E if the $0.25 EPS becomes a reality. After $0.01 actual EPS reported by Under Armour Inc for the previous quarter, Wall Street now forecasts 2,400.00% EPS growth.

Under Armour Inc (NYSE:UA) Ratings Coverage

Out of 25 analysts covering Under Armour (NYSE:UA), 13 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 52% are positive. $131 is the highest target while $35 is the lowest. The $79.40 average target is 106.07% above today’s ($38.53) stock price. Under Armour has been the topic of 51 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Argus Research upgraded Under Armour Inc (NYSE:UA) on Friday, July 31 to “Buy” rating. The firm has “Buy” rating given on Friday, January 29 by Brean Capital. Buckingham Research upgraded Under Armour Inc (NYSE:UA) rating on Monday, June 20. Buckingham Research has “Buy” rating and $48 price target. Citigroup maintained Under Armour Inc (NYSE:UA) rating on Friday, July 24. Citigroup has “Buy” rating and $114 price target. Susquehanna initiated the stock with “Positive” rating in Friday, August 12 report. The company was maintained on Wednesday, June 1 by Telsey Advisory Group. Credit Suisse maintained it with “Neutral” rating and $35 target price in Wednesday, June 1 report. The company was initiated on Tuesday, September 13 by Nomura. On Tuesday, January 5 the stock rating was initiated by Berenberg with “Buy”. The company was maintained on Thursday, September 17 by Stifel Nicolaus.

Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The company has a market cap of $15.76 billion. The Company’s divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa ; Asia-Pacific; Latin America, and Connected Fitness. It has a 38.94 P/E ratio. The Company’s apparel is offered in various styles and fits to improve comfort and mobility, regulate body temperature and improve performance regardless of weather conditions.

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