Under Armour Gets a Hold Rating from Piper Jaffray


In a report released today, Erinn Murphy from Piper Jaffray reiterated a Hold rating on Under Armour (NYSE: UA), with a price target of $20. The company’s shares opened today at $20.55.

According to TipRanks.com, Murphy is a 1-star analyst with an average return of -0.8% and a 49.0% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Wolverine World Wide, and G-III Apparel Group.

Currently, the analyst consensus on Under Armour is a Hold with an average price target of $20.79, a 1.2% upside from current levels. In a report issued on July 24, Deutsche Bank also maintained a Hold rating on the stock with a $16 price target.

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Based on Under Armour’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $30.24 million. In comparison, last year the company had a GAAP net loss of $12.31 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.

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