Opinions
Cameron Hurst
Under Armour
UA-N
DON'T BUY
Oct 10, 2017
$15.510
Stock price when the opinion was issued
Consumer Products
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TOP PICK
Stockchase Research Editor: Michael O'Reilly
Analysts were disappointed with recent earnings falling below expectations and the market has given the stock a haircut, but we think the worst is over. High inventory showed demand was not as aggressive as thought. A new CEO is leveraging their online digital expertise to expand sales going forward. Cash reserves are stable, while they buy back shares. It trades at 18x earnings and 2x book value. We recommend a stop-loss at $6, looking to achieve $11 -- upside potential over 45%. Yield 0%
(Analysts’ price target is $26.20)
Consumer Products
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Makes great gear, but you need to separate a stock from a product, a company or a management. This is down 53% in one year. They beat on the last quarter, but took down gross margin in the full-year guidance.