Guggenheim Securities Initiates Coverage on Under Armour Inc to Buy

Guggenheim Securities Initiates Coverage on Under Armour Inc(NYSE:UA). The shares have been rated Buy. The rating by Guggenheim Securities was issued on Sep 30, 2016.

In a different note, Nomura said it Initiates Coverage on Under Armour Inc, according to a research note issued on Sep 13, 2016. The shares have been rated ‘Neutral’ by the firm. On Aug 31, 2016, Argus Research said it Downgrades its rating on Under Armour Inc. The shares have been rated ‘Hold’ by the firm. Susquehanna said it Initiates Coverage on Under Armour Inc, according to a research note issued on Aug 12, 2016. The shares have been rated ‘Positive’ by the firm.

Under Armour Inc (UA) shares turned negative on Tuesdays trading session with the shares closing down -0.14 points or -0.36% at a volume of 26,49,520. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $38.81. The peak price level was also seen at $38.81 while the days lowest was $38.25. Finally the shares closed at $38.49. The 52-week high of the shares is $52.37 while the 52-week low is $31.615. According to the latest information available, the market cap of the company is $16,831 M.

Under Armour Inc(UA) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.00B. Analysts had an estimated revenue of $995.14M. Earnings per share were $0.04. Analysts had estimated an EPS of $0.02.

Several Insider Transactions has been reported to the SEC. On Aug 29, 2016, Paul Fipps (Chief Information Officer) sold 1,980 shares at $42.16 per share price.Also, 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.

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