In a report released today, Joe Feldman from Telsey Advisory reiterated a Hold rating on Under Armour (UAA – Research Report), with a price target of $10.00. The company’s shares closed last Friday at $7.30.
According to TipRanks, Feldman is a 4-star analyst with an average return of 6.7% and a 55.43% success rate. Feldman covers the Consumer Goods sector, focusing on stocks such as Costco, Walmart, and Dick’s Sporting Goods.
In addition to Telsey Advisory, Under Armour also received a Hold from Guggenheim’s Robert Drbul in a report issued on May 19. However, today, BMO Capital maintained a Buy rating on Under Armour (NYSE: UAA).
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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 $1.58 billion and a net profit of $8.78 million. In comparison, last year the company earned a revenue of $1.55 billion and had a net profit of $113.44 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.
Read More on UAA:
- UnderArmour Sinks after Inventories Rise in Q4 and Soft Profit Outlook
- UNDER ARMOUR REPORTS FOURTH QUARTER AND FULL-YEAR FISCAL 2023 RESULTS; PROVIDES INITIAL FISCAL 2024 OUTLOOK
- UAA Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Under Armour downgraded to Equal Weight at Barclays as consumers pull back
- Under Armour downgraded to Equal Weight from Overweight at Barclays
