Susquehanna analyst Sam Poser maintained a Sell rating on Under Armour (UA) today and set a price target of $13. The company’s shares opened today at $20.01.
According to TipRanks.com, Poser is a 5-star analyst with an average return of 6.7% and a 56.1% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.
Currently, the analyst consensus on Under Armour is a Hold with an average price target of $21.42, implying a 7.0% upside from current levels. In a report issued on February 5, B.Riley FBR also reiterated a Sell rating on the stock with a $12 price target.
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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.
