In a report released yesterday, Robert Drbul from Guggenheim maintained a Hold rating on Under Armour (UA). The company’s shares closed yesterday at $19.01.
Drbul wrote:
“We are encouraged by plans to improve product/ distribution, deliver balanced growth, and right-size inventory/costs, while investing in DTC/Int’l and the ‘focused performer,’ but remain NEUTRAL due to valuation as we await signs of execution.”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 8.2% and a 58.1% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Ascena Retail Group, and Wal-Mart Stores Inc.
Under Armour has an analyst consensus of Hold, with a price target consensus of $23, representing a 21.0% upside. In a report issued on November 30, Wells Fargo also upgraded the stock to Hold with a $23 price target.
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The company has a one-year high of $23.28 and a one-year low of $11.41. Currently, Under Armour has an average volume of 3.15M.
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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.
