Buckingham Research Upgrades Under Armour Inc to Buy with Price Target $48.00

Brokerage firm Buckingham Research Upgrades its rating on Under Armour Inc(NYSE:UA). In a research note issued to the investors, the brokerage major Raises the price-target to $48.00 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Buckingham Research was issued on Jun 20, 2016.

In a different note, On Jun 1, 2016, Jefferies said it Maintains its rating on Under Armour Inc. In the research note, the firm Lowers the price-target to $45.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 1, 2016, Credit Suisse said it Maintains its rating on Under Armour Inc. In the research note, the firm Lowers the price-target to $38.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 1, 2016, Citigroup said it Maintains its rating on Under Armour Inc. In the research note, the firm Lowers the price-target to $56.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 1, 2016, Goldman Sachs said it Maintains its rating on Under Armour Inc. In the research note, the firm Lowers the price-target to $49.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 10, 2016, Wells Fargo said it Assumes its rating on Under Armour Inc. The shares have been rated ‘Market Perform’ by the firm. On May 4, 2016, Brean Capital said it Downgrades its rating on Under Armour Inc. The shares have been rated ‘Hold’ by the firm.

Under Armour Inc (UA) shares turned negative on Fridays trading session with the shares closing down -0.94 points or -2.45% at a volume of 66,68,610. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.75. The peak price level was also seen at $37.75 while the days lowest was $36.6. Finally the shares closed at $37.38. The 52-week high of the shares is $52.945 while the 52-week low is $31.615. According to the latest information available, the market cap of the company is $16,325 M.

Under Armour Inc(UA) last announced its earnings results on Apr 21, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.05B. Analysts had an estimated revenue of $1.02B. Earnings per share were $0.04. Analysts had estimated an EPS of $0.02.

Several Insider Transactions has been reported to the SEC. On Apr 26, 2016, Matthew C Mirchin (President of North America) sold 26,377 shares at $46.43 per share price.Also, 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.

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