Under Armour (UA) Tops Q1 EPS by 2c; Raises FY16 Outlook

Sterne Agee CRT: Under Armour (UA) 'Remains our #1 pick for long-term growth investors'; Reiterates Buy Following 1Q

April 21, 2016 2:31 PM EDT

Sterne Agee CRT reiterated a Buy rating and $60.00 price target on Under Armour, Inc. (NYSE: UA) following the company's 1Q earnings report. Footwear sales increased 64.2% in 1Q16 and only constitute 25% of total sales. Footwear ASPs are expected to increase HSD during FY16. In May, UA will... More

Mizuho Securities Raises Price Target as Strong Sales Drive 1Q EPS Beat at Under Armour (UA)

April 21, 2016 11:57 AM EDT

Mizuho Securities reiterated a Buy rating on Under Armour, Inc. (NYSE: UA), and raised the price target to $52.00 (from $47.50), following the company's 1Q earnings report. UA reported EPS of $0.04, above consensus $0.02, driven by sales growth of +30.2%. UA raised FY16 targets and now expects... More

Under Armour (UA) Good Quarter But Too Expensive For Upgrade - Piper Jaffray

April 21, 2016 11:08 AM EDT

Piper Jaffray analyst, Erinn Murphy, raised her PT on Under Armour (NYSE: UA) to $43 from $35 after the company eased concerns over several issues in the short thesis:

1) highlighting that women's should achieve $1B by year end

2) inventory to improve closer to sales growth by Q2-end with flat gross margins in Q2 (vs. down 100 bps... More

Under Armour sales leap on demand for celebrity-endorsed shoes

April 21, 2016 7:07 AM EDT

By Ramkumar Iyer

(Reuters) - Under Armour Inc's (NYSE: UA) quarterly sales jumped 30 percent as the company's new sport shoes endorsed by NBA star Stephen Curry and golfer Jordan Spieth were a big hit with customers.

Shares of the company, which also raised its full-year 2016 sales forecast, rose as much as 8.7 percent in morning trading on Thursday.

Under Armour's quarterly sales have risen by at least 20 percent for the past six years, helping the company replace Germany's Adidas as the No. 2 sportswear maker in the United States... More