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UA

Under Armour

$30.65

-1.6647 (-5.15%)

, FL

Foot Locker

$72.02

0.67 (0.94%)

14:59
11/18/16
11/18
14:59
11/18/16
14:59

Under Armour slides after Foot Locker remarks on slow start for Curry 3.0

Shares of Under Armour (UA) are lower in afternoon trading after sneaker and sports apparel retailer Foot Locker (FL) offered some cautious commentary earlier about the latest shoe in the company's line-up of sneakers endorsed by NBA superstar Stephen Curry. In response to an analyst's question posed on Foot Locker's third quarter earnings call about expectations for Under Armour and the Curry platform to sustain momentum against tougher comparisons, Foot Locker CEO Richard Johnson said the 2.0 and 2.5 Curry shoes in "performed well" the quarter. The CEO went on to say, however, that the 3.0 "started off a bit slower than the two previous models." Johnson noted, though, that "it's early days" and "they have a great asset in Steph Curry." "The thing that we all want to see them have is a multi-platform footwear business and Curry is certainly in the lead and we're optimistic they are going to be able to continue to keep that platform with some momentum behind it and certainly expand their footwear offerings," Foot Locker's CEO added, according to a transcript of the call. In late day trading, Under Armour is down 5.4% to $30.56.

UA

Under Armour

$30.65

-1.6647 (-5.15%)

FL

Foot Locker

$72.02

0.67 (0.94%)

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    Nov

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    Nov

  • 01

    Dec

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    Dec

UA Under Armour
$30.65

-1.6647 (-5.15%)

10/26/16
COWN
10/26/16
DOWNGRADE
Target $35
COWN
Market Perform
Under Armour downgraded to Market Perform from Outperform at Cowen
Cowen analyst John Kernan downgraded Under Armour to Market Perform and lowered its price target to $35 from $46 citing the structural change towards increased investment. The analyst said increased investments and stiffening competitive environment will pressure margins until the brand gains more scale.
10/26/16
OPCO
10/26/16
NO CHANGE
OPCO
Perform
Under Armour slower North America trends negative for Nike, says Oppenheimer
Oppenheimer analyst Anna Andreeva notes that Under Armour (UA) is seeing slower trends in North America while investing to gain share in footwear, which she sees as negative for Nike (NKE) that has a more mature apparel than the former and twice its size. Further, the analyst believes the recent traffic malaise may not be necessarily company-specific, and says athletic is slowing. She reiterates a Perform rating on Under Armour's shares.
10/26/16
ATLE
10/26/16
DOWNGRADE
ATLE
Neutral
Under Armour downgraded to Neutral from Overweight at Atlantic Equities
10/26/16
RHCO
10/26/16
NO CHANGE
RHCO
Under Armour 'fundamentals intact,' says SunTrust
After Under Armour cut its long-term operating income guidance, SunTrust analyst Pamela Quintiliano says that the reduced guidance reflects increased investments and a negative mix shift to footwear and international. However, the analyst thinks that the company's fundamentals remain intact. Moreover, she thinks that the company will benefit from colder weather this winter than in winter 2015, as well as its entrance into Kohl's (KSS) and product innovations. She cut her price target to $40 from $55 but keeps a Buy rating on the stock.
FL Foot Locker
$72.02

0.67 (0.94%)

11/01/16
WEDB
11/01/16
INITIATION
Target $80
WEDB
Outperform
Foot Locker initiated with an Outperform at Wedbush
Target $80.
11/02/16
WEDB
11/02/16
INITIATION
Target $80
WEDB
Outperform
Foot Locker initiated with an Outperform at Wedbush
Wedbush analyst Christopher Svezia initiated Foot Locker with an Outperform and a $80 price target.
11/02/16
11/02/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Alcoa (AA) initiated with a Neutral at Goldman and an Underperform at BofA/Merrill. 2. Everspin Technologies (MRAM) initiated with a Buy at Craig-Hallum, a Buy at Stifel, a Buy at Canaccord, and a Strong Buy at Needham. 3. Amazon.com (AMZN), Dick's Sporting (DKS), Foot Locker (FL), Finish Line (FINL), and Columbia Sportswear (COLM) were initiated with an Outperform at Wedbush while the firm initiated Nike (NKE) and DSW (DSW) with a Neutral. 4. FedEx (FDX) initiated with a Buy at Deutsche Bank while the firm initiated UPS (UPS) with a Hold. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/16
DBAB
11/14/16
NO CHANGE
Target $76
DBAB
Buy
Deutsche sees two risks heading into Foot Locker's results
Deutsche Bank analyst Paul Trussell highlights two risks into Foot Locker's earnings report: The stock being "well-liked and owned" after rallying 17% over the past three months with a low short interest of less than 10%, and the likely deceleration of same-store-sales in the second half of the quarter. Trussell, however, still sees long-term upside to earnings forecasts and upped his price target for the stock to $76 from $75. He reiterates a Buy rating on Foot Locker.

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Downgrade
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05:28
09/25/17
09/25
05:28
09/25/17
05:28
Upgrade
Under Armour, Under Armour, VF Corp. rating change  »

Under Armour upgraded to…

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Compass Minerals

$60.10

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05:20
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CoreSite Realty

$108.49

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05:18
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General Motors

$39.42

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Anglo American

$9.12

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