Sterne Agee CRT Remains Bullish on Under Armour (UA) Following Updated Guidance
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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
Wall St. notches minor gains as economic data pours in
June 1, 2016 7:32 AM EDTBy Lewis Krauskopf
(Reuters) - U.S. stocks fluctuated before closing slightly higher on Wednesday as investors processed data on global manufacturing, U.S. auto sales and inflation for clues about the Federal Reserve's next interest rate hike.
The Nasdaq eked out a gain to close higher for a sixth straight session.
Global manufacturing activity remained stuck in a rut last month with factory output from Asia, Europe and the Americas barely improving, surveys released on Wednesday showed.
But major U.S. stock indexes recovered from declines during the session after a report... More
Under Armour (UA) Guidance Cut on Sports Authority Disappearing - FBR
June 1, 2016 6:45 AM EDTFBR Capital analyst, Susan Anderson, noted that after the market closed, Under Armour, Inc. (NYSE: UA) announced that it is revising its previously issued outlook for 2Q16/2016 due to bankruptcy proceedings of The Sports Authority (TSA). It was not expected that... 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.
... MoreAfter-Hours Stock Movers 05/31: (ZOES) (BYD) (SRPT) Higher; (ADPT) (ASNA) (UA) (BABA) Lower (more...)
May 31, 2016 5:55 PM EDTToday's After-Hours Movers:
Adeptus Health Inc. (NYSE: ADPT) 8.3% LOWER; announced the offering of 2,750,000 shares of its Class A common stock, of which 1,843,162 shares are to be sold by the Company, and 906,838 shares are to be sold by an affiliate of Sterling Partners (the "Selling Stockholder"). The Company intends to use all of the net proceeds from the offering received by it to purchase, for cash, 1,843,162 limited liability company units of Adeptus Health LLC, its direct subsidiary, from certain of the unit holders of Adeptus Health LLC, including... More
Under 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
