How Analysts Feel About Under Armour Inc After Today’s Bullish Options Activity?

 How Analysts Feel About Under Armour Inc After Today's Bullish Options Activity?

In today’s session Under Armour Inc (UA) registered an unusually high (518) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious UA increase. With 518 contracts traded and 9584 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: UA161021C00038000 closed last at: $0.8 or 20% down. About 1.29 million shares traded hands. Under Armour Inc (NYSE:UA) has declined 5.90% since March 14, 2016 and is downtrending. It has underperformed by 11.52% 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 $102.75 million for 37.98 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), 15 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 60% are positive. Under Armour has been the topic of 53 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Vetr upgraded the stock to “Hold” rating in Friday, August 7 report. The rating was maintained by Telsey Advisory Group with “Outperform” on Friday, July 24. On Friday, July 31 the stock rating was upgraded by Argus Research to “Buy”. The firm has “Outperform” rating by FBR Capital given on Thursday, September 17. Piper Jaffray maintained the shares of UA in a report on Monday, November 30 with “Neutral” rating. The firm has “Neutral” rating given on Tuesday, September 13 by Nomura. Piper Jaffray maintained it with “Neutral” rating and $64 target price in Tuesday, January 26 report. The stock of Under Armour Inc (NYSE:UA) earned “Buy” rating by Mizuho on Friday, December 18. Atlantic Securities initiated the shares of UA in a report on Wednesday, August 12 with “Overweight” rating. The firm earned “Buy” rating on Thursday, September 17 by Stifel Nicolaus.

According to Zacks Investment Research, “Under Armour is a leading developer, marketer and distributor of branded performance products for men, women and youth. The brand’s moisture-wicking synthetic fabrications are engineered in many different designs and styles for wear in nearly every climate to provide a performance alternative to traditional natural fiber products. The Company is an official supplier to the National Hockey League, the U.S. Ski Team, USA Rugby, the National Lacrosse League, and Major League Lacrosse; and the Company’s products are worn by professional football, baseball, and soccer players, as well as athletes in major collegiate and Olympic sports. The Company’s products are currently sold in the United States, Canada, Japan and the United Kingdom.”

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 $15.61 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 38.39 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.

UA Company Profile

Under Armour, Inc., incorporated on July 01, 1996, is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s moisture-wicking fabrications are engineered in a range of creates and styles for wear in nearly every climate to provide an alternative to traditional products. The Company’s divisions include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

More recent Under Armour Inc (NYSE:UA) news were published by: Fool.com which released: “3 Reasons Under Armour, Inc. Stock Could Fall” on September 23, 2016. Also Fool.com published the news titled: “Better Buy: Under Armour Inc or Adidas?” on September 29, 2016. Profitconfidential.com‘s news article titled: “Under Armour Stock: Under Armour Inc Could Gain 71% in 2017” with publication date: September 19, 2016 was also an interesting one.

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