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Under Armor: Is Valuation A Concern?

Under Armor (UA) has become the darling of the sports apparel industry. The firm has been growing sales and earnings explosively in recent years, and has seen its stock price rise significantly as a result. There is no doubt that the company has been performing admirably, as was once again underscored in the company's fourth quarter report. However, the company's valuation is still sky-high, which doesn't seem to worry investors so far. Can these high multiples stop the stock from marching higher this year?

Earnings beat, light guidance

Under Armor smashed it again on earnings, as a strong holiday shopping season boosted results. Revenue for the period came in at $895 million, well above an $849 million consensus estimate and surging 31% year-over-year. Net income rose a whopping 37% year-over-year, with diluted EPS of $0.40 beating by a penny and up from $0.30 in the same period a year ago.… Read More …