Under Armour's cleaning up its biggest problem (UAA)

• Under Armour has been cleaning up its inventory problem, according to Jefferies analyst Randal Konik. 
• The clean-up could add material value to its bottom line. 
• Under Armour has been losing ground to other players in athletic apparel over the last few years. 
• Watch Under Armour trade in real time here. 

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Under Armour is finally figuring out how to correct an issue that has been a thorn in its side for quite some time, and that could mean significant growth ahead for the company. 

The athletic-apparel retailer is slimming down its inventory levels, which will in turn fatten up its margins, Jefferies analyst Randal Konik wrote in a note to clients. 

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