Under Armour (UA) Guidance Cut on Sports Authority Disappearing - FBR
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Sterne Agee CRT Remains Bullish on Under Armour (UA) Following Updated Guidance
June 1, 2016 8:20 AM EDTSterne Agee CRT maintained a Buy rating and $60.00 price target on Under Armour, Inc. (NYSE: UA) as guidance is lowered to reflect TSA bankruptcy. EBIT guidance was reduced from $503M-$507M to $440M-$445M. However, despite the lowered guidance, UA remains a top pick for long-term growth... More
Jefferies Cuts Price Target on Under Armour (UA) to $42; Reiterates Hold
June 1, 2016 7:37 AM EDTJefferies maintained a Hold rating on Under Armour, Inc. (NYSE: UA), and cut the price target to $42.00 (from $45.00). UA lowered its 2016 sales and op income outlook, given Sports Authority's move to liquidate instead of restructure. 2016 revenue from Sports Authority is now expected to be... More
Under Armour (UA) volatility flat into lowering FY16 revenue view
June 1, 2016 6:31 AM EDTUnder Armour (NYSE: UA) June weekly call option implied volatility is at 41, June is at 33, July is at 34; compared to its 52-week range of 22 to 55 into updating FY16 revenue view to $4.925B, consensus $5.02B.
... MoreUnder Armour (UA) Revises FY Outlook Following The Sports Authority Bankruptcy
May 31, 2016 4:17 PM EDTUnder Armour, Inc. (NYSE: UA)(NYSE: UA-C) announced that it is revising its previously issued outlook for the full year and second quarter of 2016 following recent developments related to the bankruptcy proceedings of The Sports Authority.
During the first quarter of 2016, the Company became aware of the potential restructuring of The Sports Authority. As previously stated, at that time the Company did not believe that the exposure to its receivables from The Sports Authority... More
