$UAA LOOKING FOR A BETTER ENTRY LEVEL ON PULLBACKIt is decision time for analysts in UAA as it has now moved above the consensus target price, this forces the analysts to revise price targets, in the case of UAA we presume that despite the crazy P/E ratio, upgrades will probably be the order of the day. Sentiment has totally changed towards the name in recent times as it has revolutionized its inventory and distribution structure with a massive new fulfillment center and business headquarters. Discounting and high inventory was the cause of margins been squeezed in the past but that is now under control, improving the top and bottom line performance.
From a technical perspective the stock has had a amazing run in the last 3 months and has now broke out, we would suggest that a better entry level will present itself on a pullback to possible test of support.
AVERAGE ANALYSTS PRICE TARGET $22.20
AVERAGE ANALYSTS RECOMMENDATION HOLD
SHORT INTEREST 17.56%
COMPANY PROFILE
Under Armour, Inc. engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The North America segment comprises of U.S. and Canada. The Connected Fitness segment offers digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal, and Endomondo. applications. The company was founded by Kevin A. Plank in 1996 and is headquartered in Baltimore, MD.
