Analyst Downgrades: TiVo, G-III Apparel, Under Armour

Analysts are weighing in on DVR manufacturer TiVo Inc. (NASDAQ:TIVO), as well as apparel firms G-III Apparel Group, Ltd. (NASDAQ:GIII) and Under Armour Inc (NYSE:UA). Here's a quick roundup of today's bearish brokerage notes on TIVO, GIII, and UA.

• TIVO has opened slightly higher at $9.37, after the company announced record third-quarter subscriber growth -- though its per-share earnings fell short of estimates. As such, MKM Partners lowered its price target to $12.50 from $16, but kept its "buy" assessment. The shares could use a pick-me-up, as they're off over 20% year-to-date. However, given TiVo Inc.'s technical history, more bearish notes could be forthcoming. Of the 10 analysts with coverage on the equity, seven say it's a "strong buy." 

• GIII is 2.5% lower at $46.80, following a price-target cut to $62 from $80 at Wunderlich. The shares have been struggling recently, underperforming the S&P 500 Index (SPX) by 28.5 percentage points during the past two months, while touching an annual low of $40.41 earlier this month. Amid these losses, call buying has remained more popular on G-III Apparel Group, Ltd. than put buying. This is according to the security's 10-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands at 1.12. An unwinding of these bullish positions could result in further headwinds. Looking ahead, GIII is scheduled to report earnings before the open next Wednesday, Dec. 2.

• UA is off 0.4% at $91.75, after Cowen and Company lowered its price target on the stock to $110 from $120. Despite this, the shares have been a technical marvel in 2015, advancing more than 35% and touching an all-time high back in September. What's more, if Under Armour Inc can regain its upward momentum, a reversal of option trader behavior could spark additional gains. UA's Schaeffer's put/call open interest ratio (SOIR) stands at an elevated 1.80, which marks an annual put-skewed extreme.