In a report issued on February 11, Michael Binetti from Credit Suisse maintained a Hold rating on Under Armour (UAA – Research Report), with a price target of $25.00. The company’s shares closed last Friday at $17.51, close to its 52-week low of $17.25.
According to TipRanks.com, Binetti is a 5-star analyst with an average return of 10.2% and a 57.1% success rate. Binetti covers the Consumer Goods sector, focusing on stocks such as Brilliant Earth Group, Canada Goose Holdings, and Bath & Body Works.
Currently, the analyst consensus on Under Armour is a Moderate Buy with an average price target of $26.22, which is a 49.7% upside from current levels. In a report issued on February 11, Stifel Nicolaus also maintained a Hold rating on the stock with a $24.00 price target.
Based on Under Armour’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.55 billion and net profit of $113 million. In comparison, last year the company earned revenue of $1.43 billion and had a net profit of $38.95 million.
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Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America and other territories. Consumers of its apparel include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale and direct-to-consumer channels, including e-commerce and nearly 400 total factory house and brand house stores. Under Armour also operates digital fitness apps with more than 200 million users. The Baltimore-based company was founded in 1996.
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