IB Net Payout Yields Model

Under Armour: Don't Over-Read Into Baseline Targets

Under Armour provided 2023 financial targets at an Investor Day.
The athletic apparel company has long-term plans for 10%+ operating margins.
Based on company projections and peer margins, my 2023 EPS projection approaches $2.
In a much anticipated event where Under Armour (UA, UAA) discussed long-term growth targets, the market was apparently disappointed with the updated 2023 projections. My bullish investment thesis has long held that the athletic apparel company was under-delivering on margins, and their updated business model actually reinforces that thesis despite the initial 10% dip in the stock.

Read the full article on Seeking Alpha.

Disclosure: Long UA. Please review the disclaimer page for more details. 


Johnson said…
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