Under Armour (UAA) received a Buy rating and a $30.00 price target from William Blair analyst Sharon Zackfia on April 30. The company’s shares closed last Tuesday at $23.88, close to its 52-week high of $24.75.
According to TipRanks.com, Zackfia is a 5-star analyst with an average return of 25.4% and a 62.8% success rate. Zackfia covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Driven Brands Holdings, and Royal Caribbean.
Currently, the analyst consensus on Under Armour is a Moderate Buy with an average price target of $28.50, which is a 21.4% upside from current levels. In a report issued on April 29, Pivotal Research also reiterated a Buy rating on the stock with a $29.00 price target.
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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.
