Under Armour (UA) Receives a Hold from Oppenheimer
Oppenheimer analyst Brian Nagel maintained a Hold rating on Under Armour (UA) today. The company’s shares closed last Monday at $18.15.
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 12.1% and a 69.9% success rate. Nagel covers the Services sector, focusing on stocks such as WW International, Williams-Sonoma, and Capri Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Under Armour with a $19.57 average price target, a 7.9% upside from current levels. In a report issued on February 6, Needham also maintained a Hold rating on the stock.
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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 $102 million. In comparison, last year the company had a net profit of $4.22 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.