What’s Under Armour Inc Upside After Today’s Bullish Options Activity?

 What's Under Armour Inc Upside 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 1.14M 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 $102.22M 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 106.13% above today’s ($38.52) stock price. Under Armour has been the topic of 51 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Under Armour Inc (NYSE:UA) earned “Buy” rating by Mizuho on Friday, December 18. As per Wednesday, June 1, the company rating was maintained by Citigroup. On Thursday, September 17 the stock rating was maintained by Telsey Advisory Group with “Outperform”. Telsey Advisory Group maintained it with “Outperform” rating and $108 target price in Friday, July 24 report. On Wednesday, June 1 the stock rating was maintained by Jefferies with “Hold”. As per Friday, October 23, the company rating was downgraded by BB&T Capital. The rating was initiated by Nomura with “Neutral” on Tuesday, September 13. The stock has “Overweight” rating given by Atlantic Securities on Wednesday, August 12. The firm earned “Underweight” rating on Monday, January 11 by Morgan Stanley. The firm earned “Buy” rating on Friday, June 3 by DA Davidson.

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 $15.75 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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