Guggenheim analyst Robert Drbul maintained a Hold rating on Under Armour (UA) today. The company’s shares opened today at $18.73.
Drbul noted:
“We expect +LSD% growth in apparel and +MSD% growth in footwear in 2019, resulting in total revenue growth of +3-4%. UAA is focused on managing the business for sustainable long-term profit, while elevating the innovation agenda further. UAA is excited about its upcoming product pipeline (particularly in footwear), including its partnership with Virgin Galactic to create a new generation of space apparel and footwear for astronauts, and its roster of athletes and brand endorsers.”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 10.4% and a 64.1% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.
The word on The Street in general, suggests a Hold analyst consensus rating for Under Armour with a $21.42 average price target, a 14.4% upside from current levels. In a report released today, Oppenheimer also maintained a Hold rating on the stock.
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Based on Under Armour’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $75.27 million. In comparison, last year the company had a GAAP net loss of $87.92 million.
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Under Armour, Inc. engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The North America segment comprises of U.S. and Canada.
