Baird Reiterates Neutral Rating on Under Armour, Inc. (UAA)

Baird analyst Jonathan Komp reiterated a Neutral rating and $10.00 price target on Under Armour, Inc. (NYSE: UAA).

The analyst commented: "No change in outlook. UAA will host a qualitative, product-focused investor meeting in New York Thursday. The stock is +18% since October (S&P 1500 +9%, group +12%) as better margin drove positive earnings revision. Bigger picture, investors are seeking visibility to UAA's transition to higher targeted full-priced selling, progress rebuilding the multi-year innovation pipeline which to-date has not broken through, and contribution from senior Brand/Creative/Design talent added. While the F2025E bar looks low, we prefer added clarity to UAA's multi-year recovery to consider turning constructive at 13.8X NTM EV/EBITDA."

For an analyst ratings summary and ratings history on Under Armour, Inc. click here. For more ratings news on Under Armour, Inc. click here.

Shares of Under Armour, Inc. closed at $10.09 yesterday.

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