Revenue Update on Under Armour Inc(NYSE:UA)

Under Armour Inc(NYSE:UA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $1.00B. Analysts estimated a revenue of $995.14M. Earnings per share were $0.04. Analysts had estimated an EPS of $0.02.

In a different note, On Jun 20, 2016, Buckingham Research said it Upgrades its rating on Under Armour Inc. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Buy’ by the firm. 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.

Under Armour Inc (UA) shares turned negative on Fridays trading session with the shares closing down -0.19 points or -0.48% at a volume of 41,52,769. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.87. The peak price level was also seen at $39.87 while the days lowest was $39.1. Finally the shares closed at $39.46. 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 $17,233 M.

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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