Under Armour Inc.
) hit a 52-week high of $108.72 on Jan 31, 2014, since this
sports apparel retailer posted outstanding fourth-quarter 2013
results. This Zacks Rank #2 (Buy) stock emerged strong amid an
environment where many retailers grappled with aggressive
promotional strategies at the expense of margins to gain market
share during the holiday season.
BURGER KING WWD (BKW): Free Stock Analysis
CLEARWATER PAPR (CLW): Free Stock Analysis
HONEYWELL INTL (HON): Free Stock Analysis
UNDER ARMOUR-A (UA): Free Stock Analysis
To read this article on Zacks.com click here.
The stock closed at $108.11 on the last trading day, amassing a
significantly high return of 112.5% over the past one year.
The company currently trades at a forward P/E of 58.8x, a
substantial premium to the peer group average of 17.32x. The last
traded price is 27.6% above the Zacks Consensus average analyst
price target of $84.70. Average volume of shares traded over the
last 3 months stands at approximately 1,105.4K.
Investors remained optimistic about the stock's performance as
its quarterly earnings of 59 cents a share surpassed the Zacks
Consensus Estimate of 54 cents and increased considerably from 47
cents earned in the year-ago quarter. The better-than-expected
results provided much impetus to the stock, which on an average
has delivered a positive earnings surprise of roughly 26.6% over
the last 7 quarters.
The company also has a long-term EPS growth of 22.5%, greater
than the peer group growth rate of 11.7%, further adding optimism
to the investors' outlook.
Moreover, aided by strong performance of the Apparel, Footwear
and Accessories categories, total revenue came in at $682.8
million, up 35% year over year and ahead of the Zacks Consensus
Estimate of $620 million.
After having witnessed strong year-over-year performances across
all its segments, Under Armour now projects 2014 net revenue in
the band of $2.84 billion to $2.87 billion, up 22% to 23% from
the prior year and operating income between $326 million and $329
million, reflecting growth of 23% to 24% year-over-year.
Further, the company's endeavors to keep itself on the growth
trajectory is well evident from its acquisition of MapMyFitness,
opening the first two UA Brand House retail outlets, and
sustained investments to strengthen Women's, Footwear and
Other than Under Armour,
Clearwater Paper Corp.
Burger King Worldwide, Inc.
Honeywell International Inc.
) also reached highs of $57.31, $24.57 and $92.15 respectively,
on Jan 31, 2014.