FBR Capital Maintains a 'Market Perform' on Under Armour (UA); Investor Day Takeaways: Sustainability of Growth As Intriguing As Brand Strength
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Price: $6.48 --0%
Rating Summary:
14 Buy, 24 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 1
Rating Summary:
14 Buy, 24 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 1
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FBR Capital maintains a 'Market Perform' on Under Armour, Inc. (NYSE: UA), PT $68.
FBR analyst says, "On the heels of the company's investor day (held June 9), we continue to believe Under Armour's fundamentals are relatively better positioned than most over the near term, while an enhanced operational organization, strategic investments, and a multitude of top-line drivers support sustainble growth over the long term. For now, we continue to believe valuation largely reflects Under Armour's superior growth profile. Management highlighted the company's FY13 financial goals: doubling revenue (to $2.13 billion), while also leveraging fixed costs (operating income of $255 million) which, by our math, translates to EPS approximating $3.00. Continued growth in core apparel will be driven by innovation (Charged Cotton, Storm Fleece, ColdBlack platforms) and a revamped women's line, aided by shop-in-shops in much of the existing distribution."
For more ratings news on Under Armour, Inc. click here and for the rating history of Under Armour, Inc. click here.
Shares of Under Armour, Inc. closed at $64.12 yesterday.
FBR analyst says, "On the heels of the company's investor day (held June 9), we continue to believe Under Armour's fundamentals are relatively better positioned than most over the near term, while an enhanced operational organization, strategic investments, and a multitude of top-line drivers support sustainble growth over the long term. For now, we continue to believe valuation largely reflects Under Armour's superior growth profile. Management highlighted the company's FY13 financial goals: doubling revenue (to $2.13 billion), while also leveraging fixed costs (operating income of $255 million) which, by our math, translates to EPS approximating $3.00. Continued growth in core apparel will be driven by innovation (Charged Cotton, Storm Fleece, ColdBlack platforms) and a revamped women's line, aided by shop-in-shops in much of the existing distribution."
For more ratings news on Under Armour, Inc. click here and for the rating history of Under Armour, Inc. click here.
Shares of Under Armour, Inc. closed at $64.12 yesterday.
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