Under Armour Inc (UA) is Downgraded by Argus to Hold

Under Armour Inc (UA) was Downgraded by Argus to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Argus advised their investors in a research report released on Aug 31, 2016.

Many Wall Street Analysts have commented on Under Armour Inc. Susquehanna Initiated Under Armour Inc on Aug 12, 2016 to “Positive”, Price Target of the shares are set at $42.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 .

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 -0.01 points or -0.02% at $42.11 with 19,59,715 shares getting traded on Monday. Post opening the session at $42.1, the shares hit an intraday low of $41.8 and an intraday high of $42.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 29, 2016, Paul Fipps (Chief Information Officer) sold 1,980 shares at $42.16 per share price. According to the SEC, on Aug 25, 2016, Karl-heinz Maurath (Chief Revenue Officer) sold 54,632 shares at $43.34 per share price. On Apr 26, 2016, Matthew C Mirchin (President of North America) sold 26,377 shares at $46.43 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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