Under Armour Receives a Hold from Pivotal Research


In a report released today, Mitch Kummetz from Pivotal Research reiterated a Hold rating on Under Armour (NYSE: UA), with a price target of $21. The company’s shares closed yesterday at $20.11.

According to TipRanks.com, Kummetz is a 2-star analyst with an average return of 0.7% and a 57.6% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.

Currently, the analyst consensus on Under Armour is a Hold with an average price target of $19.11.

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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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