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Reuters
Published
Jul 3, 2011
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Under Armour shares are overpriced-Barron's

By
Reuters
Published
Jul 3, 2011

July 3 - Shares in sports apparel maker Under Armour Inc are overvalued compared with peers and could lose nearly 20 percent over the next year, Barron's said in its latest issue.

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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)

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