Under Armour may have found itself in a bit of a rough patch, but the athletic wear company’s due could come in the next 12 months.
Between CEO Kevin Plank’s pro Trump statements that resulted in backlash from the brand’s top athletes, cutting its growth target for 2017 by half, and a so far lukewarm performance in its debut at Kohl’s, Under Armour has been in the news quite a bit of late, but not for much that’s all that positive.
Now, however, financial news site Barron’s is saying the company’s stock may be on the brink of a swell.
For one reason or another, investors aren’t keen on Under Armour’s stock. It’s been the worst performer in the Standard & Poor’s 500 index in the last year, according to Barron’s and it peaked 18 months ago at $53. Under Armour stock was down more than 2 percent to $19.34 in morning trading Monday.
Read more at Sourcing Journal.
