Facing a weak U.S. apparel market, Under Armour is expected to show its first-ever operating loss as a public company when it reports financial results this week, a Stifel analyst said.
Analyst Jim Duffy maintained a hold rating on the stock and a target price of $19 per share for the Baltimore-based sports apparel and footwear maker. The company plans to report earnings for the first three months of the year Thursday.
Duffy said he expects first quarter sales of $1.1 billion and a net loss of 3 cents per share. Sales growth has been driven by international demand and the introduction of Under Armour products in Kohl's stores, which should somewhat offset retail...
The Under Armour logo outside the new store in Harbor East.