Under Armour (UA) Surges on Strong Q4 Results
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January 29, 2016 7:13 AM EST
Piper Jaffray reiterated a Neutral rating on Under Armour, Inc. (NYSE: UA), and raised the price target to $70.00 (from $64.00), following the company's 4Q earnings report. Sales were clearly better than anticipated, driven by footwear and international growth. The outperformance was driven in large by the introduction of the Stephen... More
January 28, 2016 1:44 PM EST
B. Riley earlier upgraded Under Armour, Inc. (NYSE: UA) from Neutral to Buy with a price target of $100.00.
For an analyst ratings summary and ratings history on Under Armour, Inc. click here. For more ratings news on Under Armour, Inc. click here.
Shares of Under Armour, Inc. closed at $68.58 yesterday.
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January 28, 2016 1:33 PM EST
Under Armour (NYSE: UA) is pushing to the highs of the session following earnings and guidance this morning. Shares now up 20.4% to $82.60.
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January 28, 2016 7:08 AM EST
Under Armour (NYSE: UA) reported Q4 EPS of $0.48, $0.02 better than the analyst estimate of $0.46. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.12 billion.
GUIDANCE:
Under Armour sees FY2016 revenue of $4.95 billion, versus the consensus of $4.90 billion.
Mr. Plank added, "In 2016 we celebrate our 20th year in business. We started by redefining the sports apparel industry through performance fabrics and today we are raising the bar for what athletes expect across all of their health & fitness needs. Our footwear business, driven by the outstanding... More
