What Next for Under Armour Inc Stock After Today’s Bullish Options Activity?


 What Next for Under Armour Inc Stock 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 2.12 million 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 earnings per share, up 8.70% or $0.02 from last year’s $0.23 per share. UA’s profit will be $102.26M for 38.58 P/E if the $0.25 EPS becomes a reality. After $0.01 actual earnings per share 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 105.81% above today’s ($38.58) stock price. Under Armour has been the topic of 51 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Brean Capital maintained Under Armour Inc (NYSE:UA) rating on Friday, January 29. Brean Capital has “Buy” rating and $88 price target. On Friday, July 24 the stock rating was upgraded by KeyBanc Capital Markets to “Sector Weight”. FBR Capital maintained Under Armour Inc (NYSE:UA) rating on Thursday, September 17. FBR Capital has “Outperform” rating and $115 price target. The stock of Under Armour Inc (NYSE:UA) has “Buy” rating given on Tuesday, August 11 by Canaccord Genuity. The company was maintained on Wednesday, August 12 by Piper Jaffray. The stock has “Market Perform” rating given by Wells Fargo on Tuesday, May 10. Berenberg initiated the stock with “Buy” rating in Tuesday, January 5 report. As per Tuesday, September 13, the company rating was initiated by Nomura. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, January 26 report. Stifel Nicolaus maintained it with “Buy” rating and $115 target price in Thursday, September 17 report.

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 $15.78 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 39 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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