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Piper Jaffray Reiterates a Neutral Rating on Under Armour

Piper Jaffray Reiterates a Neutral Rating on Under Armour

In a news expelled today, Erinn Murphy from Piper Jaffray reiterated a Neutral rating on Under Armour (NYSE: UA), with a cost aim of $88. The company’s shares non-stop now during $82.91.

Murphy noted, “We are reiterating a Neutral rating on UA following a company’s proclamation that they have named a new CFO. Former PetSmart CFO Chip Molloy will turn Under Armour’s CFO effective Jan 19, 2016. This will yield roughly a one month of overlie with out-going CFO Brad Dickerson. Management believes he is a good informative fit and has a plain credentials as a public-company CFO in a consumer space. We trust he has spent ~3 months in dialogues with UA and note he is a internal hire. From a informative perspective, he has an jaunty aptitude and was a Navy warrior commander for 10- years. While a proclamation of a new CFO does put one of a concerns aside, we still trust stream trends sojourn indolent tied in partial to comfortable continue in partial to aloft register in a channel.”

Under Armour has an researcher accord of Strong Buy, with an normal cost aim of $110.17.

Under Armour`s marketplace top is now $17.54B and has a P/E ratio of 82.8. The association has a book value ratio of 11.3%.

Unlike Piper Jaffray`s latest rating, formed on a new corporate insider activity of 89 insiders, corporate insider view is disastrous on a stock. Last month, Karl-Heinz Maurath, a a CRO of UA sole 53,420 shares for a sum of $4,930,132.

According to TipRanks.com, Murphy is ranked 0 out of 5 stars with an normal lapse of -10.5% and a 32.1% success rate. Murphy covers a consumer products sector, focusing on bonds such as Wolverine World Wide, G-III Apparel Group, and Ralph Lauren Corp.

Under Armour Inc is intent in designing, development, selling and placement of technologically advanced, branded opening products for men, women and youth.

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