Under Armour Inc’s Trend Up, Especially After This Options Activity

 Under Armour Inc's Trend Up, Especially After This Options Activity

In today’s session Under Armour Inc (UA) registered an unusually high (320) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious UA increase. With 320 contracts traded and 26414 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: UA161216C00030000 closed last at: $1.2 or 11.1% down. About 858,451 shares traded hands. Under Armour Inc (NYSE:UA) has declined 33.33% since April 26, 2016 and is downtrending. It has underperformed by 38.59% the S&P500.

Analysts await Under Armour Inc (NYSE:UA) to report earnings on January, 26. They expect $0.25 EPS, 0.00% or $0.00 from last year’s $0.25 per share. UA’s profit will be $102.81M for 31.49 P/E if the $0.25 EPS becomes a reality. After $0.29 actual EPS reported by Under Armour Inc for the previous quarter, Wall Street now forecasts -13.79% negative EPS growth.

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. Under Armour has been the topic of 60 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Susquehanna initiated it with “Positive” rating and $50 target price in Friday, August 12 report. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, October 25. The rating was initiated by Berenberg on Tuesday, January 5 with “Buy”. The company was downgraded on Wednesday, August 31 by Argus Research. Goldman Sachs maintained the shares of UA in a report on Wednesday, May 4 with “Meu” rating. The stock of Under Armour Inc (NYSE:UA) has “Hold” rating given on Friday, August 7 by Vetr. The rating was upgraded by Buckingham Research to “Buy” on Monday, June 20. Brean Capital maintained Under Armour Inc (NYSE:UA) on Friday, January 29 with “Buy” rating. The stock has “Buy” rating given by DA Davidson on Friday, June 3. Piper Jaffray maintained Under Armour Inc (NYSE:UA) on Tuesday, January 26 with “Neutral” 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 $12.95 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 45.67 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: Investorplace.com which released: “Why the Under Armour Inc (UA) Stock Symbol Refresh Matters” on November 28, 2016. Also Seekingalpha.com published the news titled: “Under Armour’s Simple Plan To Eliminate Pricing Discrepancy” on November 29, 2016. Fool.com‘s news article titled: “Under Armour Inc’s Bearish Run Could Be Your Chance to Buy In” with publication date: November 02, 2016 was also an interesting one.

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