Buy Under Armour (UA) on Sell-Off, Sterne Agee Says
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Go back to Buy Under Armour (UA) on Sell-Off, Sterne Agee Says
April 25, 2014 7:06 AM EDT
Stifel Nicolaus upgraded Under Armour, Inc. (NYSE: UA) from Hold to Buy with a price target of $65.00.
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 $50.42 yesterday.
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April 24, 2014 7:10 AM EDT
Under Armour (NYSE: UA) reported Q1 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $642 million versus the consensus estimate of $598.78 million.
Under Armour sees FY2014 revenue of $2.88-2.91 billion, versus the consensus of $2.89 billion, representing growth of 24% to 25% over 2013, and 2014 operating income in the range of $331 million to $334 million, representing growth of 25% to 26% over 2013.
Kevin Plank, Chairman and CEO of Under Armour, Inc.,... More
