In a report released today, Sam Poser from Susquehanna reiterated a Sell rating on Under Armour (UA), with a price target of $14.00. The company’s shares closed last Monday at $18.46.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 4.8% and a 56.9% 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 $24.56.
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Based on Under Armour’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $17.35 million. In comparison, last year the company had a net profit of $75.27 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.
