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Wall Street Recommendations for Under Armour ahead of Earnings

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Rating synopsis

Of the 35 analysts covering Under Armour (UAA) stock on October 23, 17.0% have a “buy” rating and 57.0% have a “hold” rating. The remaining 26% have a “sell’ rating.

 

Under Armour is one of the fast-growing athletic apparel, footwear, and accessories manufacturers and distributors in the United States. The company’s largest market is North America, which constitutes nearly three-quarters of its overall revenue. Under Armour also operates in Europe, the Middle East, Asia-Pacific, and Latin America, which are gaining strong traction. However, the company’s rising selling, general, and administrative costs remain a concern.

We’ve seen no target price revisions in the last 20 days for Under Armour. Currently, analysts’ 12-month average target price for UAA stock is $19.14, which reflects 3.3% upside to the October 23 stock price.

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Ratings for peers

For Nike (NKE), 60.0% of the 37 analysts covering the stock have a “buy” rating while 35.0% have a “hold” rating. On October 18, Oppenheimer upgraded Nike stock to “outperform.” For Nike, the mean target price is $87.76, indicating a 19.7% upside on October 23.

Of the 16 analysts covering Columbia Sportswear (COLM), 38.0% gave it a “buy” rating while 62.0% rated it a “hold.” On October 3, Wedbush upped its price target to $103.00 from $102.00. Columbia Sportswear’s mean target price is $96.93, indicating a 10.8% upside.

About 12.0% of 25 analysts provided a “buy” rating for The Gap (GPS), and another 76.0% rated it a “hold.” There have been quite a few price revisions for Gap. On October 18, J.P. Morgan slashed its rating on Gap to “underweight.” It also cut the target price on GPS to $24.00 from $30.00. On October 11, Wedbush lowered the price target to $25.00 from $32.00. Gap’s 12-month average target price is $32.00, indicating a 21.4% upside.

About 46.0% of 13 analysts provided a “buy” rating for Skechers (SKX), and another 54.0% rated it a “hold.” Skechers’ 12-month average target price is $32.55, indicating an 18.4% upside.

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