Oppenheimer analyst Brian Nagel maintained a Hold rating on Under Armour (UA) today. The company’s shares closed yesterday at $19.15.
Nagel commented:
“Early today, Perform-rated Under Armour (UAA) reported Q4:18 (Dec.) results and reiterated financial guidance for 2019. Overall, in Q4 better gross margins and expense controls, offset still soft sales, particularly in North America. In mid-Dec., UAA hosted an analysts meeting and highlighted a return-to-growth strategy, following a couple of years of significant retrenchment. We are monitoring UAA closely. While not viewing the brand as broken, we are concerned that the company is now fighting its way back into an even more competitive space, given the superb efforts of companies such as Nike (NKE) and lululemon (LULU).”
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 6.5% and a 60.2% success rate. Nagel covers the Services sector, focusing on stocks such as Capri Holdings Limited, Dick’s Sporting Goods, and Advance Auto Parts.
Under Armour has an analyst consensus of Hold, with a price target consensus of $21.42, which is an 11.9% upside from current levels. In a report issued on February 7, Pivotal Research also reiterated a Hold rating on the stock with a $22 price target.
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The company has a one-year high of $23.28 and a one-year low of $13.62. Currently, Under Armour has an average volume of 2.83M.
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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.
