 underarmour.com |
Barron's said Under Armour's enterprise value -- its market value plus net debt -- is nearly 20 times its operating earnings. That ratio is nearly double rivals, it said.
The magazine cited analysts saying Under Armour's shares could fall into the mid-$60 range by next year. Its shares closed at $79.23 on Friday.
(Reporting by Ben Berkowitz, editing by Maureen Bavdek)