Needham & Company Maintains a 'Hold' on Under Armour (UA); Expect Solid Sales And EPS Growth For 3Q’11

Needham & Company maintains a 'Hold' on Under Armour, Inc. (NYSE: UA).

Needham analyst says, "UA will report results on October 25th before the open. We expect sales growth of about 33%, and EPS of $0.84 up from $0.68 last year. Consensus estimates call for sales growth of 36%. We believe the shares, selling at nearly 32x our 2012 EPS estimate of $2.30 fairly discount its growth prospects. Should the stock pull back, as it has in during the recent months of intense market volatility, we would be more favorably disposed."

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 $73.11 yesterday.

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