Analyst Have High Hopes for Under Armour (UA) as it Continues to Expand Products
Tweet Send to a FriendGet Alerts UA Hot Sheet
Price: $64.30 +3.58%
Rating Summary:
11 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Rating Summary:
11 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Trade UA Now!
Over the past few years Under Armour, Inc. (NYSE: UA) has gone from being a "one trick pony" with products suited to base apparel for men to a legitimate player in categories such as cotton, golf, women, underwear, footwear, camouflage, and equipment, said Sam Poser, an analyst with Sterne Agee.
Commenting on the company's long term outlook, Poser said "We expect margin growth as scale builds and greater efficiencies are executed, as most new categories are in their infancy."
Under Armour will report the results of its third quarter ended September 30, 2012 on Thursday, October 25, 2012 at 7:00 a.m. ET.
Stern Agee is forecasting 3Q12 EPS of $0.52 versus $0.44 in 2Q11. Analysts expect 27 percent revenue growth and gross margins to increase 80bps due to easing cost inflation and early fruits of supply chain efficiencies, partially offset by increased lower margin footwear sales.
Sterne Agee has a Buy rating on Under Armour and a price target of $64.00.
For an analyst ratings summary and ratings history on Under Armour, Inc. click here. For more ratings news on Under Armour, Inc. click here.
Shares of Under Armour, Inc. closed at $58.60 yesterday, with a 52 week range of $44.07-$107.86.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Commenting on the company's long term outlook, Poser said "We expect margin growth as scale builds and greater efficiencies are executed, as most new categories are in their infancy."
Under Armour will report the results of its third quarter ended September 30, 2012 on Thursday, October 25, 2012 at 7:00 a.m. ET.
Stern Agee is forecasting 3Q12 EPS of $0.52 versus $0.44 in 2Q11. Analysts expect 27 percent revenue growth and gross margins to increase 80bps due to easing cost inflation and early fruits of supply chain efficiencies, partially offset by increased lower margin footwear sales.
Sterne Agee has a Buy rating on Under Armour and a price target of $64.00.
For an analyst ratings summary and ratings history on Under Armour, Inc. click here. For more ratings news on Under Armour, Inc. click here.
Shares of Under Armour, Inc. closed at $58.60 yesterday, with a 52 week range of $44.07-$107.86.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Sterne Agee Downgrades Beazer Homes (BZH) to Neutral
- Goldman Sachs Upgrades Abbott Labs (ABT) to Buy
- UPDATE: Michael Kors (KORS) Under-Appreciated; Canaccord Genuity Starts at Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Sterne Agee
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
