UA - Under Armour seen hitting more headwinds in 2021

BTIG stays cautious on Under Armour ([[UAA]], [[UA]]) after taking in the company's Q3 earnings report. "While we applaud UAA for a solid Q3 against basement-level expectations, the all-clear signal is far from here. In fact, we see continued headwinds in F21 that will further delay any potential margin rebound," writes analyst Camilo Lyon. Lyon says Under Armour spoke of culling 2K to 3K undifferentiated wholesale doors over the next two years similar to Nike, but is pulling off the strategy from a position of weakness instead of strength like the Swoosh. Under Armour is seen losing more market share to Nike and Lululemon. BTIG keeps a Sell rating on Under Armour and price target of $5. The majority of Wall Street firms are on the sidelines on UAA.A look back at Under Armour's Q3 stronger-than-anticipated Q3 report.

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Under Armour seen hitting more headwinds in 2021