Deutsche Bank Assigns Buy On Under Armour Shares, $78 PT

In a research report issued today, Deutsche Bank analyst Dave Weiner assigned a Buy rating on Under Armour (NYSE:UA) with a price target of $78.00.

Weiner observed, “UA put up an impressive 3Q print, with $0.41 in EPS +21.1% y/y ($0.01 to Thomson One consensus), via 28% y/y revs., 21% y/y EBIT, & a modest tax benefit. Notably, this comes while also making investments which help drive LT P&L growth. Reiterate Buy as (1) 4Q likely guided conservatively given intra-qtr. visibility & DTC ramp, (2) the continued dominance of the athletic segment vs. negligible growth elsewhere in apparel & footwear, (3) UA’s strengthening 4Q P&L (Street EPS +34% y/y) suggests even further separation from ‘the rest of the sector’ than now, (4) ’15 plan of +22% y/y rev./EBIT, which based on past initial conservatism, suggests Street is reachable/beatable.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Dave Weiner has a total average return of 5.1% and a 46.4% success rate. Weiner has a -5.7% average return when recommending UA, and is ranked #1174 out of 3343 analysts.

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