Under Armour Inc (UA) is Reiterated by UBS to Neutral, Raises Price Target to $ 50

Under Armour Inc (UA) was Reiterated by UBS to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 50 from a previous price target of $48 . UBS advised their investors in a research report released on Apr 22, 2016.

Many Wall Street Analysts have commented on Under Armour Inc. Company shares were Reiterated by Telsey Advisory Group on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 53 from a previous price target of $50 .Company shares were Reiterated by Mizuho on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $47.50 .Shares were Reiterated by Deutsche Bank on Apr 18, 2016 to “Buy” and Lowered the Price Target to $ 47.50 from a previous price target of $95 .

On the company’s financial health, Under Armour Inc reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.02. The company had revenue of $1047.00 million for the quarter, compared to analysts expectations of $1037.06 million. The company’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Under Armour Inc opened for trading at $47.61 and hit $47.8 on the upside on Wednesday, eventually ending the session at $46.93, with a gain of 6.78% or 2.98 points. The heightened volatility saw the trading volume jump to 1,51,39,128 shares. Company has a market cap of $10,141 M.

In a different news, on Nov 24, 2015, Karl-heinz Maurath (Chief Revenue Officer) sold 53,420 shares at $92.29 per share price. According to the SEC, on Nov 23, 2015, Kevin A Plank (Chairman and CEO) sold 450,000 shares at $92.29 per share price. On Nov 23, 2015, Kerry D Chandler (Chief Human Resources Officer) sold 3,588 shares at $91.53 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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