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 1.78M 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 $102.24 million for 38.34 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 107.09% above today’s ($38.34) stock price. Under Armour has been the topic of 51 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, August 12 report. As per Wednesday, December 23, the company rating was maintained by Stifel Nicolaus. Telsey Advisory Group maintained the shares of UA in a report on Wednesday, June 1 with “Outperform” rating. B. Riley & Co upgraded the shares of UA in a report on Friday, January 29 to “Buy” rating. The stock of Under Armour Inc (NYSE:UA) has “Buy” rating given on Friday, July 31 by Argus Research. S&P Research upgraded Under Armour Inc (NYSE:UA) rating on Friday, July 24. S&P Research has “Buy” rating and $110 price target. Piper Jaffray downgraded the stock to “Neutral” rating in Wednesday, October 14 report. The stock has “Buy” rating given by Buckingham Research on Monday, June 20. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, June 1. The stock of Under Armour Inc (NYSE:UA) earned “Hold” rating by Vetr on Friday, August 7.
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 $15.68 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 38.76 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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