Shares of Under Armour Inc UA 0.96% were down more than 4 percent on Friday following an earnings beat by the company. Under Armour reported Q4 EPS of $0.45 vs. consensus expectations of $0.44 and revenue of $1.204 billion versus consensus estimates of $1.176 billion.
Why is the stock falling and where will Under Armour go from here? Here’s what five Wall Street firms have to say about Under Armour’s report.
Buckingham Sees Little Downside
Analyst Scott Krasik sees little downside to the stock as long as the company maintains its 25 percent-plus sales growth. However, he calls Q4 and 2016 guidance “uninspired” and would not recommend buying the stock at its current “lofty valuation.”
Buckingham has a Neutral rating on Under Armour and a $92 target for the stock.
Deutsche Bank Still Sees Drivers
Analyst Dave Weiner blames…
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