Under Armour Inc (UA) is Initiated by Susquehanna to Positive, Price Target at $42

Under Armour Inc (UA) was Initiated by Susquehanna to “Positive” and the brokerage firm has set the Price Target at $42. Susquehanna advised their investors in a research report released on Aug 12, 2016.

Many Wall Street Analysts have commented on Under Armour Inc. Under Armour Inc was Upgraded by Buckingham Research to ” Buy” on Jun 20, 2016. Shares were Reiterated by DA Davidson on Jun 3, 2016 to “Buy” and Lowered the Price Target to $ 48 from a previous price target of $55 .Shares were Reiterated by Telsey Advisory Group on Jun 1, 2016 to “Outperform” and Lowered the Price Target to $ 49 from a previous price target of $53 .

On the company’s financial health, Under Armour Inc reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.02. The company had revenue of $1000.80 million for the quarter, compared to analysts expectations of $1002.26 million. The company’s revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Under Armour Inc closed down -0.29 points or -0.72% at $39.74 with 34,13,084 shares getting traded on Monday. Post opening the session at $40.3, the shares hit an intraday low of $39.5675 and an intraday high of $40.868 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Apr 26, 2016, Matthew C Mirchin (President of North America) sold 26,377 shares at $46.43 per share price. According to the SEC, on Apr 26, 2016, James H Jr Hardy (EVP, Global Operations) sold 32,500 shares at $46.69 per share price. On Apr 26, 2016, Robin Thurston (Chief Digital Officer) sold 17,140 shares at $46.47 per share price, according to the Form-4 filing with the securities and exchange commission.

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’s moisture-wicking fabrications are engineered in a range of designs and styles for wear in nearly every climate to provide an alternative to traditional products. The Company’s operating segments include North America consisting of the United States and Canada; Europe the Middle East and Africa (EMEA); Asia-Pacific; Latin America and MapMyFitness. The Company also offers digital fitness platform licenses and subscriptions along with digital advertising through its MapMyFitness business. Its apparel offers three gearlines including HEATGEAR COLDGEAR and ALLSEASONGEAR. Its footwear offerings include football baseball lacrosse softball and soccer cleats slides and performance training running basketball and outdoor footwear. Its accessories primarily include the sale of headwear bags and gloves.

Under Armour Inc

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Under Armour Inc - Is it time to Sell?

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