Is Buying Stock Like Under Armour Inc Good Idea After Today’s Bearish Options Activity?

 Is Buying Stock Like Under Armour Inc Good Idea After Today's Bearish Options Activity?

In today’s session Under Armour Inc (UA) recorded an unusually high (2,493) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious UA decrease. With 2,493 contracts traded and 70704 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: UA170421P00027500 closed last at: $1.95 or 2.6% up. About 1.05M shares traded hands. Under Armour Inc (NYSE:UA) has declined 26.26% since April 5, 2016 and is downtrending. It has underperformed by 28.22% the S&P500.

Under Armour Inc (NYSE:UA) Ratings Coverage

Out of 27 analysts covering Under Armour (NYSE:UA), 11 rate it a “Buy”, 1 “Sell”, while 15 “Hold”. This means 41% are positive. $131 is the highest target while $32 is the lowest. The $75.73 average target is 142.34% above today’s ($31.25) stock price. Under Armour has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was reinitiated on Tuesday, May 10 by Wells Fargo. The firm has “Buy” rating given on Tuesday, January 26 by Deutsche Bank. Piper Jaffray maintained Under Armour Inc (NYSE:UA) on Wednesday, August 12 with “Buy” rating. The stock of Under Armour Inc (NYSE:UA) earned “Neutral” rating by Atlantic Securities on Wednesday, October 26. On Wednesday, October 26 the stock rating was downgraded by Cowen & Co to “Market Perform”. As per Tuesday, January 26, the company rating was maintained by Piper Jaffray. As per Tuesday, September 13, the company rating was initiated by Nomura. Wells Fargo upgraded the shares of UA in a report on Monday, October 10 to “Outperform” rating. The company was upgraded on Friday, July 24 by KeyBanc Capital Markets. Telsey Advisory Group maintained Under Armour Inc (NYSE:UA) on Wednesday, June 1 with “Outperform” rating.

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 $12.49 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 45.33 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 notable recent Under Armour Inc (NYSE:UA) news were published by: Fool.com which released: “Under Armour Inc’s Bearish Run Could Be Your Chance to Buy In” on November 02, 2016, also Bloomberg.com with their article: “Under Armour Tumbles After Forecast Renews Fears of Slowdown” published on October 25, 2016, Schaeffersresearch.com published: “Under Armour Inc (UA) Options Activity Spurred by Adidas Rumblings” on November 02, 2016. More interesting news about Under Armour Inc (NYSE:UA) were released by: Investorplace.com and their article: “It’s Judgment Day for Under Armour Inc (UA) Stock” published on October 28, 2016 as well as Investorplace.com‘s news article titled: “Under Armour Inc (UA) Stock Is a Bargain-Bin Buy for Growth” with publication date: October 24, 2016.

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