OTR Global Believes Under Armour (UAA) Still Has Room to Grow


OTR Global analyst OTR Global upgraded Under Armour (UAA) to Buy yesterday. The company’s shares closed last Monday at $23.52, close to its 52-week high of $24.39.

Under Armour has an analyst consensus of Moderate Buy, with a price target consensus of $25.53.

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Based on Under Armour’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.4 billion and net profit of $184 million. In comparison, last year the company earned revenue of $1.44 billion and had a GAAP net loss of $15.3 million.

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Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America and other territories. Consumers of its apparel include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale and direct-to-consumer channels, including e-commerce and nearly 400 total factory house and brand house stores. Under Armour also operates digital fitness apps with more than 200 million users. The Baltimore-based company was founded in 1996.

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