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

Streetinsider.com's Hot Lunchtime Reads 4/21:(SUNE) (VIAB) (UA) (SRPT)

April 21, 2016 12:01 PM EDT

The following is a list of notable articles to help get you through the lunch hour:VC Juggernaut Says 'Easy Money' in Silicon Valley is Just About Gone ->... 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

Pre-Open Stock Movers 04/21: (CEQP) (NOW) (UA) Higher; (TRXC) (SRPT) (TBI) Lower (more...)

April 21, 2016 9:25 AM EDT

Today's Pre-Open Movers:

TransEnterix (NYSE: TRXC) 65.4% LOWER; announced that the FDA notified the Company on April 19, 2016 that the FDA has determined that the SurgiBot System does not meet the criteria for substantial equivalence based upon the data and information submitted by TransEnterix in its 510(k) submission.

Sarepta Therapeutics (NASDAQ:... 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

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

April 21, 2016 7:02 AM EDT

Under Armour (NYSE: UA) reported Q1 EPS of $0.04, $0.02 better than the analyst estimate of $0.02. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.02 billion.

Kevin Plank, Chairman and CEO of Under Armour, Inc., stated, "For the past 24 consecutive quarters or six years, we have driven net... More

Trading Radar for 4/21: Microsoft (MSFT), GM (GM), Verizon (VZ), Visa (V), Blackstone (BX), Under Armour (UA) Report

April 20, 2016 2:13 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 263kContinuing Claims - no Street consensusPhiladelphia Fed - Street sees 9.9

9:00am EDT

FHFA Housing Price Index - no Street consensus

Earnings:

AZZ, Inc. (NYSE: AZZ) - consensus EPS $0.67
Alaska Air Group (NYSE: ALK) - consensus EPS $1.42
Alliance Data Systems (NYSE:... More

Streetinsider.com's Hot Lunchtime Reads 4/19: (SGYP) (MYGN) (JPM) (UA)

April 19, 2016 12:13 PM EDT

The following is a list of notable articles to help get you through the lunch hour:Weakness in Myriad Genetics (MYGN) Tied to 'Sentiment Risk' Following Low Pricing on Panel Code ->... More

Canaccord Lifts Q1 EPS Est. on Under Armour (UA) Ahead of Report, But Sees Potential for Additional Upside

April 19, 2016 11:05 AM EDT

Canaccord Genuity is positive on Under Armour (NYSE: UA) heading into the company's Q1 report, which is expected out on Thursday. The firm rates Under Armour at Buy with a price target of $65 on a split-adjusted basis.

Analyst Camilo Lyon is raising his EPS estimate from $0.02 up to $0.03,... More