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SBD/June 18, 2014/Marketing and Sponsorship
Under Armour To Open 30,000-Square-Foot "Brand House" In Chicago
Published June 18, 2014
MARKET REPORT: CNBC's Brian Sullivan noted UA shares are up 25% in the past month, "crushing the competition, including Nike." MKM Partners Exec Dir & Chief Market Technician Jonathan Krinsky said there are no signs UA will slow down "in the long run." Krinsky: "We're in the middle of the World Cup, as you know. We could say that Under Armour's been the Lionel Messi of retail stocks." Krinsky said in terms of acquiring shares of UA, he is in the "near term a little cautious, but I think there's more room to go in the long term." S&P Capital IQ Equity Chief Investment Officer Erin Gibbs said UA "has some really high expectations." Gibbs: "Currently it's expecting about 25 percent EPS growth year-over-year. Now they achieved that last year and they're looking for the same type of growth rate this year, but the problem is it's trading at about 62 times earnings versus its competitor, Nike, ... which tends to trade more around 25 percent. So there's a lot of this growth that's really built in" ("Street Signs," CNBC, 6/16).