|Bid||18.38 x 800|
|Ask||18.43 x 2200|
|Day's Range||18.31 - 19.23|
|52 Week Range||15.06 - 24.55|
|Beta (5Y Monthly)||0.57|
|PE Ratio (TTM)||74.07|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
At the beginning of the year, I wrote a piece on InvestorPlace detailing how I thought that shares of struggling athletic apparel maker Under Armour (NYSE:UAA) looked balanced heading into 2020. That is, UAA stock looked fully priced considering its gradually -- but not rapidly -- improving fundamentals. Also, further upside potential in shares in 2020 seemed limited, barring a breakout catalyst.Source: Sundry Photography / Shutterstock.com However, Under Armour stock may have just found that stimulant.More than a year after signing NBA superstar big man Joel Embiid to a multi-year shoe contract, Under Armour just announced in mid-January that they will be launching a new UA Embiid 1 signature shoe in the fall of 2020. That's big news for Under Armour because the last time the company launched a new signature shoe? February 2015, with NBA superstar point guard Stephen Curry.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOver the subsequent two years, Under Armour's footwear sales more than doubled from $430 million in 2014, to around $1 billion in 2017 -- while UAA stock soared to all-time highs. * The Top 5 Dow Jones Stocks to Buy for 2020 Can Under Armour regain that magic touch with a new NBA signature shoe launch in late 2020?I don't think so. There are some big differences between a Curry signature shoe and an Embiid signature shoe which should make the latter significantly less meaningful. Nonetheless, there is an opportunity that Under Armour does get that magic touch back. And in the event they do, UAA stock could breakout this year. UAA Stock Could BreakoutThe launch of the UA Embiid 1 signature shoe in 2020 has given Under Armour stock a catalyst that could send shares meaningfully higher over the next 12 to 24 months.Here's the logic. The last time Under Armour went "all in" with a signature shoe launch was back in 2015 with rising NBA superstar Stephen Curry. Over the subsequent few years, Curry went on to win NBA championships, a few MVP awards and became one of the most celebrated icons in the game. As that happened, his shoes sold like crazy. Under Armour's footwear sales more than doubled in less than two years, and that propelled a huge rally in UAA stock to all-time highs.The Curry catalyst for Under Armour has since dried up. Curry's team, the Golden State Warriors, is no longer the powerhouse they used to be. Curry is currently sidelined with a season-long injury, and he's no longer the celebrated icon he once was. His shoes aren't selling, and not coincidentally, Under Armour's footwear sales have plateaued over the past few years. UAA stock has fared worse, plunging from its $50 highs in 2015 to right around $20 today.A new NBA signature shoe, however, could right the ship for Under Armour.Joel Embiid is a big name in the NBA world. He is an MVP candidate on a very good Philadelphia 76ers team, with a young core and decent shot of making multiple championship runs over the next few years -- giving Under Armour a multi-year window to sell a lot of Embiid shoes. If they do, footwear sales will start climbing again, and therefore, so will UAA stock.And this could all start in late 2020, so by the above logic, making this the year that Under Armour stock gets its groove back. It Probably Won'tAlthough the aforementioned bull thesis sounds good, it is unlikely to materialize.Here's the thing. There's a big difference between Stephen Curry and Joel Embiid, and there will likely be an even bigger difference between how well Curry shoes sold back in 2015-16, and how well Embiid shoes will sell in 2020-21.Curry is a two-time MVP, on a team that won several championships, and was quite literally the face of the NBA for several years alongside LeBron James. On the other side, Embiid is good; but not that good. It's unlikely that he wins multiple MVPs, and that his team wins multiple championships. It is also difficult to believe that he becomes as celebrated and widely loved as Curry.In other words, Under Armour got really lucky with Curry, in that they launched signature shoes right before his meteoric rise to NBA Mount Rushmore status. They likely won't get that lucky again with Embiid.Furthermore, big men don't sell shoes in the NBA. It's a fact that has proven true time and time again: Splashy, electric guards sell shoes. Relatively boring, grounded big men don't.Curry belonged to the first category, and Embiid belongs to the second category. As such, history is working against Under Armour with the Embiid shoe.Overall, Under Armour will sell some Embiid shoes, but not a lot. Certainly not enough to have a Curry-type impact on the company's footwear trajectory, and likely not enough to cause a breakout in fully valued UAA stock. Bottom Line on Under Armour StockBarring a breakout catalyst, UAA stock seems balanced heading into 2020, with improving fundamentals offset by a full valuation. The full valuation will prove not so full in the event that Under Armour sells a ton of Embiid shoes in the back-half of the year, so there is an opportunity for shares to head meaningfully higher over the next several quarters.However, that's unlikely to happen. As such, I think the best plan of attack with Under Armour stock is to wait for a dip before buying.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post For Under Armour Stock, NBA Star's New Shoe Is Crucial appeared first on InvestorPlace.
Like Michael Phelps, Under Armour experienced a rapid rise to national prominence. Also like Phelps, Under Armour has faced challenges.
Under Armour Inc. will launch a new shoe for NBA star Joel Embiid in the fall of 2020. The UA Embiid 1 will be the first signature shoe for the Philadelphia 76ers star, though the two have partnered since 2018. Under Armour says the shoe will use Embiid's origins in Cameroon as inspiration. There will be a number of colorways launched during the 2020 and 2021 season. The latest shoe joins the Steph Curry in Under Armour's footwear lineup. Under Armour stock has gained 7% over the past year while the S&P 500 index is up 25.8% for the period.
The "Protect this House" ad campaign helped Under Armour rise to national prominence 15 years ago. Now Baltimore-based Under Armour (NYSE: UAA) is trying to motivate athletes around the world with a message of perseverance and overcoming adversity with a new slogan: "The only way is through." Under Armour unveiled the new campaign to athletes, trainers, employees, media and social media influencers at a "Human Performance Summit" in Port Covington on Tuesday. Under Armour wants "The only way is through" to become a rallying cry for athletes.
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A notoriously secretive hedge fund that regularly ranks near the top of financial rankings has taken a major stake in Under Armour Inc. Greenwich, Connecticut-based Lone Pine Capital LLC bought 12.7 million shares of Under Armour stock, or a 6.7% stake, according to a Jan. 13 filing with the U.S. Securities and Exchange Commission. The stake has a value of $256.9 million based on Under Armour's closing stock price of $20.17 on Monday. For Baltimore-based Under Armour, the investment by Lone Pine Capital is a significant endorsement.
(Bloomberg) -- Adobe Inc. unveiled a cloud-based system to help clients build websites, bringing one of its last legacy products to the cloud almost a decade after shifting to internet-based software.The new content management system already is being used by some customers, the San Jose, California-based company said Monday in a statement. The software maker announced the service at the National Retail Federation conference in New York.Adobe is the largest vendor for enterprise customers in a $3.8 billion market for software that builds websites and manages digital assets, according to data from research firm IDC. The company said it’s the first to provide a purely cloud-computing based solution to large business clients. The software maker currently manages 15 billion web page visits per day and more than 50 million digital assets, including images and videos, across its customer base. Wix.com Ltd. and closely held Squarespace are among the competitors in the field.Companies are increasingly attempting to differentiate themselves with personalized customer experiences, led by websites and marketing materials. Adobe’s “Experience Manager” is also being used to power in-store, interactive screens that retailers have begun using to teach shoppers more about their products.Adobe has spent almost four decades quietly dominating small patches of the technology industry. While it is synonymous for its creative and design software, led by Photoshop, the company has continually invested in new products to maintain leading positions in areas such as marketing, advertising, and customer experience software. The product expansion fueled a 24% revenue increase last year. Wall Street responded favorably, with Adobe’s stock climbing 46% in 2019.Chief Executive Officer Shantanu Narayen moved much of Adobe’s product suite to the internet in 2011, leading to years of growing revenue and setting an example followed by other software makers, including Microsoft Corp. For years, clients who used content management systems weren’t ready to change their way of doing things, Loni Stark, a senior director of strategy and product marketing at Adobe, said in an interview. But added pressure on brands to modernize with sophisticated websites and applications have changed their calculations.Experience Manager’s transition to the cloud “means companies can deliver content faster and be always current on the latest capabilities we’re delivering out there,” Stark said.Apparel company Under Armour Inc. and mapping company Esri Inc. have begun using the new service, and extolled the quicker uploading times and ease of use.“There are no servers to manage,” Bill Phillips, an applications manager at Esri, said in an interview. “Our developers can focus on developing our website and helping get our marketing message out there quicker.”Adobe Experience Manager was previously available as a hosted service, with the software maker managing the infrastructure for clients. But it relied on old-school software that required lengthy download periods for patches and updates, rather than the continuous updates available with internet-based software.“I think of this as a new beginning, a new decade,” Stark said.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
THE RATINGS GAME Under Armour Inc. stock took a 4.7% tumble after bearish JPMorgan analysts lowered their revenue estimates for fiscal 2020 on continued struggles in North America. “[B]ased on our recent ...
Under Armour Inc. quietly hired a chief accounting officer in November, filling a key C-suite position for the sportswear maker whose accounting practices are at the center of a federal probe. A spokeswoman for Baltimore-based Under Armour confirmed the company hired Aditya Maheshwari as chief accounting officer and corporate controller on Nov. 25. Under Armour (NYSE: UAA) never issued a press release or submitted a filing with the U.S. Securities and Exchange Commission notifying shareholders of the hire, a typical practice when a company makes an executive appointment.
Under Armour dropped big on Monday after analysts at J.P. Morgan resumed coverage of the stock with a neutral rating after previously having an outperform rating on shares of the sports apparel maker. J.P. Morgan's channel checks suggest that Under Armour's fourth-quarter revenue will be below consensus by nearly a point - J.P. Morgan expects 4.7% growth vs. Wall Street's estimate of 5.7% growth. As a result, the firm lowered its fiscal 2020 revenue growth estimate below consensus estimates - 3.8% at J.P. Morgan vs. 4.7% on Wall Street - as well as its EBIT estimate of $298 million vs. $311 million consensus.
Tom Geddes is stepping down as the head of Under Armour Inc. CEO Kevin Plank's private arm. As CEO of Plank Industries, Geddes oversaw Plank's vast private business empire. The company's investments include the Port Covington redevelopment project, the Sagamore Spirit distillery, Rye Street Tavern, Sagamore Ventures and City Garage.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
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Growth stocks have led the rally in U.S. stocks, a rally that now has lasted for over a decade. At the moment, it doesn't seem like that will change.Source: Shutterstock After all, all three broad market indices closed Friday at all-time highs. Growth stocks did sell off earlier this year, with names like Shopify (NYSE:SHOP) and Roku (NASDAQ:ROKU) plummeting sharply. But for the most part, those losses reversed: SHOP stock, for instance, has moved back near all-time highs. ROKU did the same before a recent fade.Monday's big stock charts feature three growth stocks that have seen varying performance of late. But if category strength continues, all three could outperform in 2020.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Salesforce.com (CRM)Source: Provided by Finviz Salesforce (NYSE:CRM) has been here before -- and as the first of Monday's big stock charts shows, it hasn't worked out well in the past. The question now is if this time will be different: * Click to Enlarge Source: Provided by Finviz Resistance has been firm at $165 for much of this year. Even back at October 2018 highs, CRM stock reversed after peaking just above $160. There's not much reason to suggest another decline is imminent at the moment -- but investors could have thought the same last month or in late April. * Near-term trading in Salesforce stock seems potentially important for the category as a whole. I've long argued that CRM is an intriguing barometer for the market as a whole. There's really not much debate about the quality of Salesforce's business. Not even Microsoft (NASDAQ:MSFT), a competitor via its Dynamics platform, has been able to make a dent. For the most part, CRM stock is an argument over valuation, which makes it an interesting proxy for growth stocks on the whole. * On that front, little has changed. Salesforce stock remains a long way from cheap, at 53x next year's consensus earnings estimate. Those estimates don't suggest much in the way of growth: just 7% year-over-year. If investors are willing to pay an even higher multiple for CRM, other high-valuation stocks can rally. If not, we might be approaching the limit to multiples across the market. Beyond Meat (BYND)Source: Provided by Finviz Beyond Meat (NASDAQ:BYND) is starting to find a bottom. Shares touched a six-month low last Monday, but gained 7.2% over the rest of the week. The second of Monday's big stock charts doesn't necessarily suggest a rebound is imminent, but BYND at the least might be heading back toward normalcy: * Technically, there is some good news here. BYND stock is tracking the 20-day moving average at the moment, which may revert from resistance to support. Volume in the last two months has increased, during which time share performance has improved. Again, there isn't a bullish signal on the chart yet, but shares at the least are consolidating. * Fundamentally, Beyond Meat stock is more interesting than it might seem. It's obvious in retrospect that the rally to $200-plus was something close to a bubble. Shares hardly are cheap. But as I wrote last week, the company has a huge opportunity. And in many ways, BYND remains misunderstood. Its business model is based on modest adoption by traditional meat-eaters; not vegans and/or health-focused consumers. Those meat-eaters are driving what has been truly impressive growth: revenue has increased over 250% so far in 2019, with gains in both the grocery store channel and in restaurants. * All that said, shares do trade hands at roughly 14x this year's revenue. A rally is going to require a market still willing to pay up for growth -- and even that may not be enough at these levels. But at the least, it seems like BYND is positioned for a rebound at some point in 2020, if it can keep delivering on its promise. Under Armour (UA) (UAA)Source: Provided by Finviz Under Armour (NYSE:UA,NYSE:UAA) looked like a "busted growth" story just a month ago. Back-to-back disappointing earnings reports and an accounting investigation sent UAA stock to a ten-month low. But shares have roared of late. The third of Monday's big stock charts suggests the stock could be at an inflection point: * Under Armour stock already has broken out. With the stock at resistance that has held going back to September, the question is if the breakout will continue, particularly with the 200-day moving average providing another roadblock to clear. If UAA can get past $20, the chart strongly suggests it can keep rallying and even challenge this summer's highs. * From here, such a rally looks questionable from a fundamental standpoint. I've long been bearish on UAA stock. If anything, the recent earnings reports seem to support the bear case, and a lower share price. But the stock has managed to defy gravity in the past, and there's still an argument that the company can resurrect growth and protect margins, particularly with a much-needed management change. * Here, too, market sentiment seems key. Growth stock investors are looking for opportunities where they can find them, and a potential turnaround here might be more attractive in a market where quality names are pricing in something close to perfection already. If companies performing better are available at a more reasonable price, those investors might be less willing to give UAA the benefit of the doubt.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Vaping Stocks to Get into Ahead of the Crowd * 5 Retail Stocks That Are Winning Big This Holiday Season * Make the Shift Toward Value Stocks With These 5 Picks The post 3 Big Stock Charts for Monday: Salesforce, Beyond Meat, and Under Armour appeared first on InvestorPlace.
One company breathing a sigh of relief that tariffs scheduled to begin on Dec. 15 have been postponed indefinitely is Skechers USA Inc. , say UBS analysts. "Footwear companies which sell a high percentage of goods in the U.S. sourced from China probably benefit the most," UBS said. "Skechers is the best example of this." UBS rates Skechers stock buy with a $49 price target, up $1. Analysts also think baby and children's wear maker Carter's Inc. will save $15 million, and Under Armour Inc. will save $6 million from the deal. Carter's and Under Armour are both rated neutral. Analysts lifted Carter's price target to $105 from $100, and Under Armour has a $21 price target. Skechers stock is up 3.6% in Wednesday trading, and has rallied more than 87% for the year to date. The S&P 500 index is up 27% for 2019 to date.
Under Armour is set up for a tough 2020 with a new CEO coming out of a year marked with discrimination lawsuits, declining North American sales and a federal probe.