Citigroup keeps a cautious outlook on Under Armour (UA +2.1%) with a Hold rating and $54 price target.
The tough start to the retail year has put some caution in the wind over the athletic retailer despite its sizzling sales growth. 21 out of 31 analyst recommendations on the stock are at Hold with a valuation a primary concern.
Shares of Under Armour (UA +3.6%) are racing higher after the stock split 2-for-1 today.
The stock is outpacing all its peers in early action.
UA trend watch: The company saw low single digits sales growth for its running shoes in March, according to industry analyst Matt Powell. His tracking shows apparel sales fared better, rising at a 18% clip during the month.
Shares of Under Armour (UA) are lower in early action after Sterne Agee comes in with a downgrade on the high-flier.
The investment firm pulls back to Neutral from Buy on a valuation call.
The long-term outlook on the stock looks very favorable to Sterne with the company showing strength in growing categories. Sterne sets a 2017 PT of $170 on Under Armour showing its faith that investors that buy on the dips will be amply rewarded.
Shares of Under Armour (UA) are down again in early trading after the company continues to take a hit in Sochi with U.S. athletes questioning UA's product designs amid a speed skating suit fiasco.
U.S. speed skaters at the Olympics have performed below expectations.
Analysts note that if the company had to pick a sport in which to have a product failure - speed skating might have been high on the list. Product reviews from athletes in the NFL and NBA are still glowing.
Under Armour (UA -2.5%) isn't enjoying the Sochi Olympics as much as some with criticism getting leveled at it over the sluggish performance of U.S. speed skaters adorned with the company's suits for the sport.
Air vents in the suits designed to cool the athletes down are reported to be causing enough of a drag issue that quick-fix patches are being utilized.
Though the flap is unlikely to affect sales for Under Armour, it's one of the first chinks in the armor of the red-hot brand.
The success of athletic apparel sellers such as Lululemon (LULU), Under Armour (UA), and Nike (NKE) hasn't gone unnoticed by companies and designers trying to create a splash at New York Fashion Week 2014.
Amid models flaunting stylish designs from Vera Wang, Tory Burch, and Jenny Packham - more athletic lines have been spotted. Though called "haute-casual" or "sports-deluxe" styles - the clothes closely resemble sweatpants and leggings.
NY Fashion Week in a nutshell: Black jeans out, Wunder Unders in.
Retail analytics firm Applied Predictive Technologies notes its data indicates that retail sales fell 9.6% during the most intense period of the Polar Vortex (January 5-7) as consumers stayed home. It also pointed to soft traffic days in December related to winter storms and frigid temperatures.
Chicago and Detroit were the two major cities where sales were hit the hardest by the Polar Vortex. Walgreens (WAG) has a sizable presence in both regions.
The read falls in line with what automakers and big-box retailers have been reporting, but also makes the few out-performers during the period stand out even more. Costco (COST), L Brands (LB), Under Armour (UA), and Chipotle (CMG) come to mind.
All the signals from Under Armour (UA) is that its strong holiday sales momentum rolled right into January as the company lifted revenue guidance during a period in which retailers for the most part are turtling with estimates.
The company grew apparel sales by 27% to $1.76B which blasted past what analysts forecast. Footwear grew by 25% to $299M.
Under Armour paid for the purchase of MapMyFitness in December by using using $50M in cash sitting around and tapping $100M under its revolving credit facility.
UA +11.2% premarket to $94.75. The stock has never ended a session over $90.