Needham Sticks to Their Hold Rating for Under Armour (UA)
Needham analyst Rick Patel maintained a Hold rating on Under Armour (UA) today. The company’s shares closed last Monday at $18.15.
According to TipRanks.com, Patel ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.5% and a 40.0% success rate. Patel covers the Services sector, focusing on stocks such as Designer Brands, Capri Holdings, and Ralph Lauren.
The word on The Street in general, suggests a Hold analyst consensus rating for Under Armour with a $19.57 average price target, representing a 7.9% upside. In a report issued on January 31, William Blair also reiterated a Hold rating on the stock.
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Under Armour’s market cap is currently $8.2B and has a P/E ratio of 73.93. The company has a Price to Book ratio of 3.81.
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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.