Buy Under Armour (UA) on Pullback, Sterne Agee Says
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Rating Summary:
14 Buy, 24 Hold, 5 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Sterne Agee analyst Sam Poser reiterated a Buy rating and $75 price target on Under Armour, Inc. (NYSE: UA) saying the recent pullback creates a buying opportunity ahead of Q3 results.
Poser commented, "Recent pullback in the stock (along with the overall market) represents an opportunity. Growth is strong and broad based and UA is positioned to drive 20%-25% or better annual growth for at least the next five years. UA is well on its way to becoming the solid #2 player in athletic apparel and footwear combined. Management is likely keeping extra ammunition outside of stated guidance. Spending is aggressive, yet controlled for ongoing growth."
The firm sees 3Q14 EPS of $0.41 versus the Factset consensus estimate of $0.40 and expects revenue growth of 28%,
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 $65.13 yesterday.
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