Under Armour Inc (UA) was Upgraded by Buckingham Research to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Buckingham Research advised their investors in a research report released on Jun 20, 2016.
Many Wall Street Analysts have commented on Under Armour Inc. 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 .Under Armour Inc was Resumed by Wells Fargo to “Market Perform” on May 10, 2016.
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 $36.81 and hit $37.23 on the upside on Friday, eventually ending the session at $37.22, with a gain of 2.20% or 0.8 points. The heightened volatility saw the trading volume jump to 68,87,772 shares. Company has a market cap of $16,255 M.
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 Companys 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 Companys 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.