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UAA

Under Armour

$19.01

-0.09 (-0.47%)

, UA

Under Armour

$17.36

-0.1 (-0.57%)

08:48
10/09/19
10/09
08:48
10/09/19
08:48

Under Armour product selling out, discounting is down, says Jefferies

Jefferies analyst Randal Konik says his September webscrapes illustrate that the overall athletic category "remains very strong." The highlight is Under Armour's (UAA) percentage of product on discount, which was down for each month in Q3 with strength coming from the HOVR platform, Konik tells investors in a research note. He believes the company's product is selling out, discounting is down, and inventory is controlled. Data also revealed traction in the Adidas (ADDYY) Ultraboost at retail, and Nike (NKE) "increasingly dominating" the secondary market with Jordan and Air Force platforms, says the analyst.

UAA

Under Armour

$19.01

-0.09 (-0.47%)

UA

Under Armour

$17.36

-0.1 (-0.57%)

ADDYY

Adidas

$0.00

(0.00%)

NKE

Nike

$91.75

-1.4 (-1.50%)

  • 22

    Oct

  • 29

    Oct

UAA Under Armour
$19.01

-0.09 (-0.47%)

09/25/19
JEFF
09/25/19
NO CHANGE
Target $97
JEFF
Hold
Nike price target raised to $97 from $80 at Jefferies
Jefferies analyst Randal Konik raised his price target for Nike (NKE) to $97 from $80 saying the "broad-based, strong" 10% constant currency growth in last night's Q1 illustrates the ongoing power of its brand. However, these positives are fully contemplated in the shares at current levels, Konik tells investors in a post-earnings research note. The analyst, who prefers shares of Foot Locker (FL) and Under Armour (UAA), keeps a Hold rating on Nike.
09/03/19
09/03/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Under Armour (UA, UAA) upgraded to Market Perform from Underperform at Bernstein. 2. Westpac Banking (WBK) upgraded to Outperform from Neutral at Credit Suisse. 3. Square (SQ) upgraded to Buy from Hold at SunTrust and to Buy from Neutral at MoffettNathanson. 4. Brinker (EAT) upgraded to Buy from Hold at Gordon Haskett with analyst Jeffrey Farmer saying he views the stock's risk/reward as "compelling" amid low expectations and a "building" catalyst in delivery. 5. Snap (SNAP) and Lam Research (LRCX) upgraded to Outperform from In Line at Evercore ISI while Western Digital (WDC) was upgraded to In Line from Underperform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/19
JEFF
09/06/19
NO CHANGE
Target $200
JEFF
Hold
Lululemon price target raised to $200 from $175 at Jefferies
Jefferies analyst Randal Konik raised his price target for Lululemon Athletica (LULU) to $200 from $175 following last nigh's results. The company continues to post strong comps, drive traffic from both new and existing customers, grow international, and expand product categories, Konik tells investors in a research note. The analyst, however, keeps a Hold rating on the shares, citing an "elevated" valuation. He views Under Armour (UAA) as the best way to play the athleisure space.
09/12/19
PIPR
09/12/19
NO CHANGE
PIPR
Overweight
Under Armour checks show promotions tracking below last year, says Piper Jaffray
Piper Jaffray analyst Erinn Murphy says her channel checks quarter-to-date suggest promotional activity for Under Armour (UAA) continues to track slightly below last year's levels and that new product is resonating well. With her price target of $30 offering 40% upside from current levels, the analyst is revisiting the shares as a "favorite name" into Q4. Under Armour is more focused against a "cleaner" athletic backdrop and incremental innovation in apparel and footwear should accelerate in 2020, Murphy tells investors in a research note. She keeps an Overweight rating on the name.
UA Under Armour
$17.36

-0.1 (-0.57%)

ADDYY Adidas
$0.00

(0.00%)

09/20/19
BERN
09/20/19
INITIATION
BERN
Market Perform
Adidas initiated with a Market Perform at Bernstein
10/04/19
EXAN
10/04/19
INITIATION
EXAN
Neutral
Adidas initiated with a Neutral rating at Exane BNP Paribas
Exane BNP Paribas yesterday initiated coverage of Adidas with a Neutral rating and 285 euros price target.
09/16/19
OTRG
09/16/19
UPGRADE
OTRG
Mixed
Adidas upgraded to Mixed from Negative at OTR Global
OTR Global upgraded Adidas to Mixed from Negative following checks that indicate the order outlook for Western Europe and the United States improved, aided by easier comps, increased access to slightly better offerings, the relaunch of Superstar, and new story openings in China.
07/29/19
JEFF
07/29/19
NO CHANGE
JEFF
Under Armour sneaker discounts down for each month in Q2, says Jefferies
Jefferies analyst Randal Konik says his firm's July webscrapes illustrate that Under Armour's (UAA) percentage of product on discount is down for each month in Q2 and in July, "suggesting continued momentum" into Q3. Under Armour product is selling out, discounting is down, and inventory is controlled, says the analyst. In his survey work, Nike (NKE) still remains top-of-mind in running, however Adidas (ADDYY) "appears to be exhibiting strength too." In basketball, Nike continues to be the dominant player, with notable traction in Giannis Antetokounmpo's first signature shoe, the Zoom Freak 1, Konik tells investors in a research note. The analyst surveyed 200 footwear retailers, discussing the dynamics of Nike, Adidas, and Under Armour in both basketball and running.
NKE Nike
$91.75

-1.4 (-1.50%)

10/04/19
10/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Nike (NKE) initiated with an Underperform rating at Exane BNP Paribas. 2. Etsy (ETSY) initiated with a Buy at Nomura Instinet. 3. Domino's Pizza (DPZ) initiated with an Outperform at Wedbush. 4. Marvell (MRVL) resumed with a Buy rating at Stifel. 5. Five Below (FIVE) initiated with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/19
EXAN
10/04/19
INITIATION
Target $82.5
EXAN
Underperform
Nike initiated with an Underperform rating at Exane BNP Paribas
Exane BNP Paribas analyst Charlie Muir-Sands yesterday initiated coverage of Nike with an Underperform rating and $82.50 price target. The company has a history of missing both annual targets and consensus forecasts, and may do so again, Muir-Sands told investors in a research note. Meanwhile, Nike shares are trading near all-time peak multiples, contends the analyst.
09/26/19
ARGS
09/26/19
NO CHANGE
Target $105
ARGS
Buy
Nike price target raised to $105 from $94 at Argus
Argus analyst John Staszak raised his price target on Nike to $105 and kept his Buy rating after its Q1 earnings beat, saying the company's strong brand image and product pipeline have allowed it to raise prices and increase sales in its apparel and footwear products. The analyst also cites the company's focus on boosting its direct-to-consumer channel, where he expects revenue to grow at a high-teens rate over the next two years, as well as reports that some of the retailers are turning to Nike products to increase customer traffic, which he sees as supporting its bargaining power. Staszak adds that while Nike shares trade at 31.5-times his expected FY20 earnings - the high end of its historical 15- to 33-times earnings range, the valuation is warranted by the "generally strong economic conditions in the U.S. and continued solid sales in China."
10/09/19
SUSQ
10/09/19
NO CHANGE
Target $106
SUSQ
Positive
Nike weakness a buying opportunity, says Susquehanna
Susquehanna analyst Sam Poser said the adverse impact on Nike from China's battle with the NBA is overblown. The analyst said the weakness is a buying opportunity as his proprietary checks show the brand in China remains exceptionally strong. He said Chinese consumers perceive Nike as a global athletic brand, not associated with any country or part of the world. Poser reiterated his Positive rating and $106 price target on Nike shares.

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$0.00

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11:16
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CNC

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$48.49

-0.28 (-0.57%)

11:05
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Options
Centene call volume above normal and directionally bullish »

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D

Dominion

$83.07

0.29 (0.35%)

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BA

Boeing

$345.52

8.07 (2.39%)

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BA

Boeing

$345.79

8.34 (2.47%)

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MMM

3M

$166.93

-0.63 (-0.38%)

10:55
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Options
3M put volume heavy and directionally bearish »

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  • 24

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GLOG

GasLog

$14.29

0.325 (2.33%)

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GasLog Partners

$20.24

0.35 (1.76%)

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GLOG

GasLog

$14.29

0.325 (2.33%)

GLOP

GasLog Partners

$20.24

0.35 (1.76%)

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BA

Boeing

$346.26

8.81 (2.61%)

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Hot Stocks
Breaking Hot Stocks news story on Boeing »

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  • 23

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BA

Boeing

$346.90

9.45 (2.80%)

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  • 23

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FCX

Freeport McMoRan

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0.06 (0.60%)

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  • 23

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BA

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  • 23

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UXIN

Uxin

$2.68

-0.04 (-1.47%)

10:47
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BA

Boeing

$348.24

10.79 (3.20%)

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  • 23

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BA

Boeing

$348.52

11.07 (3.28%)

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  • 23

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KRE

SPDR S&P Regional Banking ETF

$53.96

-0.2 (-0.37%)

10:40
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Size put spread in Regional Banking ETF rolls long puts to higher strike »

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General news
Energy Action: WTI crude »

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BA

Boeing

$349.46

12.01 (3.56%)

10:37
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  • 23

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BA

Boeing

$349.60

12.15 (3.60%)

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  • 23

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BA

Boeing

$349.40

11.95 (3.54%)

10:35
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  • 23

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HOG

Harley-Davidson

$39.46

-0.57 (-1.42%)

10:35
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Harley Davidson put volume heavy and directionally bearish »

Bearish flow noted in…

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