Seaport Global analyst Mitch Kummetz maintains $Under Armour-A (UAA.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 57.0% and a total average return of 19.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Under Armour-A (UAA.US)$'s main analysts recently are as follows:
Under Armour's fiscal Q2 earnings surpassed expectations, fueled by more efficient spending and improved gross margins resulting from a shift in expense timing to Q3 and reductions in product costs.
The belief that Under Armour's ongoing revitalization efforts are not yet fully reflected in its current valuation persists, despite a significant rise following recent earnings announcements. It is observed that the company's second-quarter report provides evidence of positive advancements in its turnaround efforts, and this is perceived as just the beginning of its recovery. There is an anticipation that the company's growth will exceed market expectations, leading to a further improvement in sentiment from what is considered to be currently quite subdued. Under Armour is identified as a prime investment recommendation looking towards 2025.
The expectation is that unless there is a considerable underestimation of sales and margin projections for the second half of the fiscal year 2025, the advancement of the stock may be limited going forward.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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