Under Armour sales leap on demand for celebrity-endorsed shoes
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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 EDTSterne 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 EDTMizuho 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 EDTPiper 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
