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NEW YORK (TheStreet) -- If Under Armour (UA) - Get Under Armour, Inc. Class C Report wasn't on the radar, it will be now after breezing past fourth-quarter expectations and leaving other retailers in the dust.

On Thursday, the sports apparel stock managed to charge past the $100-mark, closing at $104.76. Shares have added 2.9% to $107.79 by midday Friday.

Over the fourth quarter, Under Armor recorded fourth-quarter revenue of $683 million and net income of 59 cents a share. Analysts polled by Thomson Reuters had expected earnings of 53 cents a share on $620 million in revenue.

The company raised its 2014 revenue outlook to a range of $2.84 billion to $2.87 billion, handily beating consensus of $2.77 billion.

Bryan Ashenberg, analyst for premium service Breakout Stocks, noted the impressive earnings win is indicative of a smart company set to move higher.

"The company continues to position itself to benefit from the tailwinds of cold weather and upcoming international sporting events, while also carving out a bigger presence in clothing for women and young people," he wrote in a report Thursday morning.

Under Armour also remains one of Jim Cramer's favorite shares, a "stealth technology" stock set for a win.

"This Baltimore-based apparel company is rolling out new products literally quarterly, with properties that keep you warm or monitor health in ways that you couldn't dream of just a few years ago. It is a factory of innovation," Cramer writes in his latest book Get Rich Carefully.

UBS analyst Michael Binetti raised estimates and his price target but reiterated the stock as "neutral." The investment firm expects 2014 EPS of $1.87 from $1.80, based on 25% revenue growth, a 49% gross margin, 25% increase in year-on-year selling, general and administrative expenses (SG&A), and a 27% year-over-year increase in EBIT to $338 million.

"UA's outsized stock reaction was equally due to a strong 4Q, but also to comments suggesting that a step-change in major addressable markets is coming sooner than we expected: 1) US apparel has a longer high-growth period than expected (boosted by extension into big channels like dept stores, and a push into under-penetrated categories like outerwear), 2) footwear inventory clearing will allow better sell-throughs (and comments that UA's dismal footwear margins should finally start to improve) in '14; 3) a long awaited rollout of the new international strategy starting in 1Q; 4) a significantly improved women's business (amplified by a Soho store in Spring '14); 5) high-profile new marketing initiatives (Notre Dame/Navy sponsorships, major marketing event at Grand Central Station)," wrote Binetti in the report.

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Cancaccord Genuity reiterated the stock as a "buy" with an updated $120 price target from $92.

"By every measure, UA exceeded our expectations in Q4 while also raising 2014 guidance - a feat that is particularly impressive given only a scant few companies are performing well in today's choppy retail environment," said analysts Camilo Lyon and Patrick O'Brien in the report.

"UA's execution is the best in recent memory as supply chain investments are yielding greater efficiency rates (e.g. fill rates) thus leading to richer margin sales. We believe these margin gains should continue to benefit sales and earnings through 2014, particularly as the brand's prominence grows globally."

Canaccord expects 2014 EPS of $1.88 from $1.78 and raised 2015 EPS by nine cents to $2.38.

KeyBanc Capital Markets has reiterated Under Armour as "underweight" with a price target of $70 from $54.

"Impressive growth in 2013 accelerated further in the 4Q. The Company is one of the real success stories in our coverage, we are hard-pressed to find many comparable top-line growth stories that can match a +35% year-over-year sales growth and 15 consecutive quarters of 20% year-over-year growth," wrote the analysts in the report.

KeyBanc raised its 2014 EPS to $1.79 from $1.71 on higher revenue guidance and strong near-term trends.

"Innovation remains a key driver in the apparel business. The latest example is the recently launched ColdGear Infrared product, a key driver in 4Q apparel sales. Innovation can move the needle in short order, the recently introduced Charged and Storm cotton product offering become a combined $300 million business in only three years," continued KeyBanc analysts.

TheStreet Ratings team rates UNDER ARMOUR INC as a Buy with a ratings score of B. The team has this to say about their recommendation:

"We rate UNDER ARMOUR INC (UA) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."