Under Armour (UA) Growth Targets 'Achievable' - Goldman

Yesterday Under Armour, Inc. (NYSE: UA) management discussed growth drivers at its investor day. Commenting, Goldman Sachs analyst Lindsay Drucker Mann said Under Armour's long-term 2016 financial targets, including $4 billion in revenue and $480 million in operating profit, looks "achievable." Lindsay is most excited about the company's opportunity in women's and direct to consumer.

"We believe the opportunity in women's athletic apparel to be substantial and are encouraged by the 2014 Spring line UA previewed," she said.

"We see direct distribution (both bricks and mortar and e-commerce) as a compelling growth platform long-term. New targets to double outlet sq. footage via store expansions while sustaining sales productivity look highly accretive and low risk to us. The revitalized specialty store initiative could be the unlock UA needs to realize its potential in the mall and commercialize its brand into new product verticals," added Mann.

Goldman Sachs has a Neutral rating on Under Armour, Inc. with a price target of $63.00

For an analyst ratings summary and ratings history on Under Armour, Inc. (NYSE: UA) click here. For more ratings news on Under Armour, Inc. click here.

Shares of Under Armour, Inc. closed at $59.64 yesterday.

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