Auriga Maintains a 'Hold' on Under Armour, Inc. (UA) on Valuation; Raising PT on Strong Start
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Price: $5.25 +0.19%
Rating Summary:
14 Buy, 24 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 24 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Auriga maintains a 'Hold' on Under Armour, Inc. (NYSE: UA) price target raised to $105.
Analyst, Claire Gallacher, said, "UA reported a healthy Q1 with sales of 23% and EPS of growth of 20%. The quarter met or exceeded expectations across the board and we believe sell through continues to be strong for both apparel and footwear products heading into late spring/summer. We are increasing our PT on UA to $105 as we believe UA should trade at 35x, a slight premium to its two year average forward P/E multiple of 32x given the strong sales trends. However, given limited upside to our target we are maintaining our Hold rating. Upside to Q1 EPS driven by revenue and gross margin. UA reported $0.28 EPS for Q1, better than consensus of $0.24."
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 $101.53 yesterday.
Analyst, Claire Gallacher, said, "UA reported a healthy Q1 with sales of 23% and EPS of growth of 20%. The quarter met or exceeded expectations across the board and we believe sell through continues to be strong for both apparel and footwear products heading into late spring/summer. We are increasing our PT on UA to $105 as we believe UA should trade at 35x, a slight premium to its two year average forward P/E multiple of 32x given the strong sales trends. However, given limited upside to our target we are maintaining our Hold rating. Upside to Q1 EPS driven by revenue and gross margin. UA reported $0.28 EPS for Q1, better than consensus of $0.24."
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 $101.53 yesterday.
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