UA - Under Armour, Inc.

NYSE - NYSE Delayed Price. Currency in USD
20.10
-0.20 (-0.99%)
At close: 4:03PM EDT

20.10 0.00 (0.00%)
After hours: 5:15PM EDT

Stock chart is not supported by your current browser
Previous Close20.30
Open20.25
Bid20.15 x 1000
Ask20.16 x 1300
Day's Range19.94 - 20.29
52 Week Range14.16 - 23.28
Volume2,710,553
Avg. Volume2,230,356
Market Cap9.485B
Beta (3Y Monthly)0.93
PE Ratio (TTM)N/A
EPS (TTM)-0.10
Earnings DateApr 25, 2018 - Apr 30, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est15.00
Trade prices are not sourced from all markets
  • Super Bowl winning coach Tony Dungy talks Russell Wilson's contract, new book
    Yahoo Finance Video8 days ago

    Super Bowl winning coach Tony Dungy talks Russell Wilson's contract, new book

    Super Bowl winning coach Tony Dungy and his wife Lauren discuss their book ‘We Chose You’, as well as Russell Wilson’s new contract which made him the highest paid player in the NFL. Yahoo Finance’s Zack Guzman and Sibile Marcellus join them to discuss.

  • Tiger Woods' impact on TaylorMade
    Yahoo Finance Video9 days ago

    Tiger Woods' impact on TaylorMade

    TaylorMade is feeling the win after Tiger Woods' Masters win on Sunday. The golf equipment company just launched its first co-created Iron set with Tiger, and David Abeles, CEO of TaylorMade, skypes in with the details.

  • Watch CNBC's exclusive interview with Under Armour CEO Kevin Plank
    CNBC Videos10 days ago

    Watch CNBC's exclusive interview with Under Armour CEO Kevin Plank

    Under Armour CEO Kevin Plank joins "Squawk on the Street" via phone to discuss the company's sponsored teams that made it into the Final Four, and about the retail industry.

  • Two stocks are battling it out on the court this weekend in a Final Four faceoff
    CNBC Videos20 days ago

    Two stocks are battling it out on the court this weekend in a Final Four faceoff

    Under Armour heads to the Final Four. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Brian Kelly and Dan Nathan.

  • Will Columbia Sportswear Continue to Impress with Q1 Results?
    Market Realistyesterday

    Will Columbia Sportswear Continue to Impress with Q1 Results?

    Will Columbia Sportswear Continue to Impress with Q1 Results?Will the growth streak continue?Columbia Sportswear (COLM) plans to announce its first-quarter results after the market closes on April 25. Columbia Sportswear announced stellar

  • 10 Stocks to Sell Before They Give Back 2019 Gains
    InvestorPlace2 days ago

    10 Stocks to Sell Before They Give Back 2019 Gains

    In 2019, investors have been looking for stocks to buy -- not stocks to sell. A broad market selloff toward the end of last year admittedly created some bargains. Key sectors like energy, semiconductors and software offered their share of bargains.This year obviously has been very different. The S&P 500 has gained 16%, and the gains have been spread across the entire U.S. equity market. Among stocks with a market capitalization over $300 million, just 559 -- or 16% -- are down year-to-date. A greater number of those stocks -- 771 -- have gained at least 30%.In that group are some stocks that simply became too cheap amid the fourth quarter plunge. Others have soared thanks to strong performance. But there are more than a few that seem to be benefiting from market optimism -- and not performing nearly as well as their share prices would suggest.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 High-Yielding Dividend Stocks That Won't Wilt These 10 stocks all fit that bill. All have gained at least 30% so far this year, yet for various reasons, seem like stocks to sell at the moment. And when the current market strength inevitably starts to fade, these 10 stocks may be the first to fall. Shopify (SHOP)Source: Shopify via FlickrFew stocks reflect the reversal in market sentiment more than e-commerce platform Shopify (NYSE:SHOP). In late December, SHOP stock touched a nine-month low after losing 25% of its market value in just seven sessions. Since then, however, SHOP has gained nearly 90%, adding some $11 billion in market value in the process.And yet, as I wrote earlier this month, the news surrounding Shopify stock really hasn't been that good. 2019 guidance was seen as modestly disappointing. Competition from Facebook (NASDAQ:FB), Square (NYSE:SQ), and privately held Mailchimp seems to be intensifying.Analysts haven't even been able to keep up: the average price target of $189 suggests 16% downside. Yet SHOP keeps marching higher.There is a bull case here, admittedly, and a valuable business. But at 20x+ revenue and 250x 2020 EPS estimates, perfection looks priced in - and then some. I'd call it a stock to sell. Aurora Cannabis (ACB)Source: Shutterstock Marijuana stocks like Aurora Cannabis (NYSE:ACB) similarly have benefited from the stronger market, and the return of the 'risk-on' trade. ACB stock has gained 86% in 2019. Canopy Growth (NYSE:CGC) is up 80%, and Cronos Group (NASDAQ:CRON) 62%. Only Tilray (NASDAQ:TLRY) has been left out.The gains across the board seem a bit much. Marijuana companies obviously have an enormous opportunity; but there's a long road ahead. Valuations are getting stretched again. Aurora's aggressive strategy is high-risk (if admittedly high-reward), and the steady issuance of stock and debt only adds to that risk. * 7 Small-Cap Growth ETFs For Adventurous Investors To be sure, ACB has promise, as does the sector. But the worry with Aurora Cannabis isn't so much that the company is going to blow up -- or even disappoint -- but rather that the pot industry on the whole is getting overvalued. And with ACB one of the biggest gainers on the way up, it could be one of the larger losers on the way down. Snap (SNAP)Source: Shutterstock Among stocks with a market capitalization above $10 billion, no stock has done better than Snap (NYSE:SNAP) in 2019. It's not even close: SNAP stock has risen 110%, thirty points better than second-place CGC.As I wrote this month, the optimism makes some sense. Execution looks better, and Snap has years of benefits ahead simply from better monetizing its existing users.At the same time, however, the 100%+ gains make SNAP stock look awfully stretched. And the existing user base simply isn't enough -- even if revenue per user continues to rise. This remains a significantly unprofitable company valued at $15 billion. Certainly, there's no shortage of those types of stocks to sell in this market -- but there aren't any others that have doubled in less than four months. Carvana (CVNA)Source: Carvana Used-car retailer Carvana (NYSE:CVNA) has become one of the bigger battleground stocks in the market. The company's online model threatens to disrupt the entire industry, which has brought buyers into CVNA stock. Indeed, Josh Enomoto this month called CVNA one of the 7 best long-term stocks to buy and hold, not long after Luce Emerson detailed the bull case on this site.And there is an intriguing aspect to Carvana's model. But there are also a lot of losses: EBITDA margin for 2018 was negative 10%, with guidance for -3.5% to -5.5% in 2019. Even long-term targets of 8-13.5% suggest only modest profitability.As a result, CVNA might have its share of bulls, but it also has a heavy short interest. Some 56% of the admittedly thin float is sold short. Those shorts have been squeezed so far this year, likely contributing to the 100% gains in Carvana shares so far this year. But shorts make some good points: most notably that Carvana may be trying to take share in what is likely to be a declining market going forward. * 7 Digital Ad Stocks That Deserve Your Attention Right Now Meanwhile, CVNA may be one of the best performers in 2019 -- but it was one of the worst performers at the end of last year, losing more than half its value in a matter of months. If the market stumbles at all, Carvana stock probably takes a tumble. 10 Soaring Stocks to Sell: Wayfair (W)Source: Shutterstock There's an interesting parallel between Carvana and online furniture retailer Wayfair (NYSE:W). Both companies are trying to disrupt industries based on in-person selling through online-focused models. Neither company is profitable. Shorts are targeting both stocks, arguing that growth is being bought through below-market pricing that simply isn't sustainable.And both stocks have soared in 2019 after falling quickly last year. W stock hasn't quite matched that of its automotive peer, but it's gained a handsome 64% so far this year.Here, too, the gains look like too much. Given how cyclical the furniture industry is, investors truly have to trust the economy to assume that growth will continue. (That's true for Carvana as well, by the way.) And in year ten of an economic expansion, that seems dangerous. Cyclical stocks in the rest of the market are being valued as if earnings are near a peak. What does that mean for a cyclical company with no earnings at all? Conagra Brands (CAG)Source: Shutterstock Four months ago, Conagra Brands (NYSE:CAG) seemed to be in disarray. Investors were fleeing CAG stock, which hit a six-year low in late December. A cut to 2019 guidance raised questions about growth, and even Conagra's ability to service debt raised in its acquisition of Pinnacle Foods.Sentiment toward the CPG (consumer packaged goods) sector didn't help. The plunge at industry leader Kraft Heinz (NASDAQ:KHC) cast a shadow over the entire industry. Consumer tastes simply seemed to be moving away from companies like Conagra and Kraft Heinz.That sentiment seems to have reversed -- at least in the case of Conagra. CAG stock has gained 44% so far this year. (KHC stock continues to fall, however.) A strong Q3 earnings report certainly helped the cause. But the broader worries here hardly seem assuaged. Grocery store customers like Kroger (NYSE:KR) still are struggling, and still trying to push private-label items in a bid to protect margins. Brands like Chef Boyardee, frozen dinner nameplate Marie Callender's, and Slim Jim don't seem likely to drive much growth, particularly among millennials. * 7 Strong Buy Stocks the Street Loves And while investors cheered Q3 results, Conagra cut full-year organic sales growth guidance to just 1%. That's simply not enough to drive profit growth -- or to support even a seemingly modest 15x P/E multiple. Unless that growth improves, at some point the fears that dogged CAG just a few months ago are likely to return. Anheuser-Busch InBev (BUD)Source: Paul Sableman via FlickrKHC and CAG weren't the only consumer stocks to plunge in 2018. Anheuser-Busch InBev (NYSE:BUD) stock fell 39% in 2018. Slowing growth, debt worries, and a halved dividend drove the selling pressure.Here too, a decent but not spectacular earnings report has helped the cause. BUD has bounced sharply in 2019, rising 36%. But the gains seem like far too much. The problems dogging the stock haven't gone anywhere. Beer demand could take a hit from cannabis legalization. Sales already are slowing: shares of other beer plays like Boston Beer (NYSE:SAM) and Constellation Brands (NYSE:STZ,STZ.B) have struggled as a result. And Anheuser-Busch's debt load, even with the dividend cut, remains a concern.There is a case that BUD fell too far toward the end of 2018. This remains a global company with hugely valuable brands. But even if BUD was too cheap at the end of 2018, the current price suggests investors have forgotten why the sell-off even happened. Apple (AAPL)Source: Apple In the near term, Apple (NASDAQ:AAPL) still may have more room to run. The stock still sits 12% off all-time highs reached in October. AAPL stock only has a few points to go to return to the $1 trillion market capitalization it first reached in August. The company still has a huge cash hoard for buybacks, and a 16x forward P/E multiple hardly seems aggressive.That said, there are multiple concerns here. For all the hype about the services business, the iPhone still drives over 60% of sales, and it's headed in the wrong direction. Replacement cycles are lengthening, pricing is probably maxed out, and the company still has a problem in China. The recent settlement with Qualcomm (NASDAQ:QCOM) doesn't help the cause, either. * Why These Are the Top 2 Pot Stocks to Buy Right Now This still seems like a company whose earnings likely have peaked, and that suggests AAPL stock could be, and should be, cheaper. Indeed, that's how investors saw it just a few months ago -- and while AAPL stock has gained 30% this year, it's hard to see what has changed their mind so quickly. Under Armour (UAA)Source: Shutterstock Back in December, Under Armour (NYSE:UA,UAA) announced five-year targets at its Investor Day. Investors clearly were disappointed: UAA stock plunged on the news.Under Armour stock now has gained 37% from December lows, and the obvious question is: why? Q4 earnings were in line. Guidance was within expectations. Commentary from retail partners about holiday sales hardly seemed particularly bullish for UAA. Nothing really has changed since December - except for the Under Armour share price.UAA now trades at 45x next year's earnings. Margins should expand, but they're thin to begin with. Revenue growth isn't good enough. And competition from Nike (NYSE:NKE) and adidas (OTCMKTS:ADDYY) isn't going anywhere.At this point, investors are valuing Under Armour as if management is being too pessimistic. There's very little in the company's operating history to suggest that will be the case. GoPro (GPRO)Source: GoPro Even with a pullback in recent sessions, GoPro (NASDAQ:GPRO) has gained 48% so far this year. Like so many stocks to sell on this list -- and in this market -- the gains are amplified by just far the stock had fallen. GPRO touched an all-time low in December.There is some hope for a turnaround, as I detailed last year. But I wrote this week that even some turnaround looks priced in. GoPro dominates its markets, which is a problem, because it can't take share. Cost-cutting has run its course. This looks like a company unlikely to grow earnings much, if at all -- yet it's again priced for growth. * 10 High-Yielding Dividend Stocks That Won't Wilt More broadly, this is a company that's disappointed before. But like so many stocks on this list, investors seem to be forgetting -- or ignoring -- the risks, and focusing only on the potential rewards. At this point, with GPRO stock, even those rewards don't seem likely to result in much more in the way of upside.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 10 Stocks to Sell Before They Give Back 2019 Gains appeared first on InvestorPlace.

  • Under Armour grants $250,000 for projects at 12 Baltimore City schools
    American City Business Journals3 days ago

    Under Armour grants $250,000 for projects at 12 Baltimore City schools

    Under Armour Inc. will provide $250,000 in grants to 12 Baltimore City school this year for facility upgrades including new playground, locker rooms and gymnasium renovations. The funding is part of a two-year, $500,000 commitment started by the Baltimore sportswear maker in 2018.

  • Porter's 5 Forces on Under Armour (UA)
    Investopedia6 days ago

    Porter's 5 Forces on Under Armour (UA)

    Learn about Under Armour and how it differentiates itself in the competitive athletic apparel industry in light of Porter's Five Forces model.

  • Is Under Armour Inc (UA) A Good Stock To Buy?
    Insider Monkey6 days ago

    Is Under Armour Inc (UA) A Good Stock To Buy?

    Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]

  • MarketWatch6 days ago

    Under Armour's North American president steps down

    Under Armour Inc.'s North American president, Jason LaRose, will step down from his role effective April 30, 2019, the athletic company announced in a filing. Patrik Frisk, Under Armour's chief operating officer, will head up the North American business on an interim basis. Under Armour is scheduled to announce first-quarter earnings on May 2 before the opening bell. Under Armour shares have gained 8.2% over the last three months roughly in line with the S&P 500 index , which is up 8.8% for the period.

  • Under Armour's North America head to depart at end of April
    American City Business Journals7 days ago

    Under Armour's North America head to depart at end of April

    Jason LaRose has worked at the Baltimore-based Under Armour since 2013 and led the sportswear maker's North America business since October 2016.

  • Under Armour Announces First Quarter Earnings And Conference Call Date
    PR Newswire8 days ago

    Under Armour Announces First Quarter Earnings And Conference Call Date

    BALTIMORE , April 18, 2019 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) plans to release the results of its first quarter (ended March 31, 2019 ) on Thursday, May 2, 2019 at 6:55 a.m. ET . Following ...

  • A Glance at Skechers’s Valuation before Its Q1 Results
    Market Realist8 days ago

    A Glance at Skechers’s Valuation before Its Q1 Results

    Will Skechers's Q1 Results Help the Stock Keep Up Its Strong Run?(Continued from Prior Part)Valuation compared to peers As of April 15, Skechers (SKX) was trading at a 12-month forward PE ratio of 16.2x. Skechers is currently trading at a lower

  • Will Skechers’s Q1 Results Help the Stock Keep Up Its Strong Run?
    Market Realist9 days ago

    Will Skechers’s Q1 Results Help the Stock Keep Up Its Strong Run?

    Will Skechers's Q1 Results Help the Stock Keep Up Its Strong Run?Strong year-to-date movement Skechers (SKX) stock was up 52.2% on a year-to-date basis as of April 15. The footwear company is scheduled to report its first-quarter results on April

  • Under Armour is attracting older customers while teens prefer Nike and Vans
    MarketWatch14 days ago

    Under Armour is attracting older customers while teens prefer Nike and Vans

    The latest report from B. Riley suggests that Under Armour is losing favor with younger shoppers, but gaining with older ones.

  • Do Analysts Expect UAA’s Profitability to Improve in 2019?
    Market Realist15 days ago

    Do Analysts Expect UAA’s Profitability to Improve in 2019?

    Under Armour Stock Rises as Citigroup Upgrades Its Rating(Continued from Prior Part)Performance in 2018 Under Armour’s (UAA) adjusted EPS rose to $0.09 in the fourth quarter of 2018 compared to $0.00 in the fourth quarter of 2017 and exceeded

  • This Turnaround Stock Scores Upgrade As Under Armour 'Grows Up' To Focus On Profit
    Investor's Business Daily15 days ago

    This Turnaround Stock Scores Upgrade As Under Armour 'Grows Up' To Focus On Profit

    Under Armour is growing up, Citigroup said Wednesday, citing a renewed focus by the athletic apparel maker on profit. Shares rose.

  • Under Armour Stock Rises as Citigroup Upgrades Its Rating
    Market Realist15 days ago

    Under Armour Stock Rises as Citigroup Upgrades Its Rating

    Under Armour Stock Rises as Citigroup Upgrades Its RatingRating upgrade Under Armour (UAA) stock had risen 2.0% as of 1:26 PM EDT on April 10 after Citigroup upgraded its rating to a “buy” from a “neutral,” citing the company’s renewed

  • CNBC15 days ago

    Stocks making the biggest moves midday: Under Armour, Tesla, Lyft, First Solar & more

    Shares of Tesla rose more than 1% after lawmakers began to push to expand federal tax credits for buyers of electric vehicles. New York University professor Aswath Damodaran said Tuesday on CNBC that shares should be trading closer to $59 per share , cutting down $3 billion off the ride-sharing company's $18 billion valuation. First Solar FSLR — Shares of First Solar soared more than 8%, on pace for its best day of the year, after Goldman Sachs added the stock to its "Americas Conviction List," while reiterating its buy rating and raising the stock's price target to $75 from $64.

  • At This Point, LULU Stock Only Can Follow the Overall Market
    InvestorPlace15 days ago

    At This Point, LULU Stock Only Can Follow the Overall Market

    Canadian apparel giant Lululemon (NASDAQ:LULU) appears unstoppable. The equity surged 15% in a single day following a 17% increase in comparable year-over-year sales and an earnings beat. Now, LULU stock has recovered all of the losses from the fall selloff in equities and currently trades near 52-week highs.Source: m01229 Via FlickrHowever, LULU has surged more than 50% higher since falling to its near-term low on Dec. 24.This has left Lululemon stock with a heightened valuation. Although growth could keep LULU moving higher, for now, investors should evaluate it on macro trends rather than the company's revenue and earnings growth.InvestorPlace - Stock Market News, Stock Advice & Trading Tips LULU Stock and Long-Term GrowthUnlike many segments of retail, the athletic apparel industry has posted impressive growth in recent years. This comes in large part from a greater interest in fitness and from increasingly affluent Asian consumers who have purchased more athletic clothing. * 8 Risky Stocks to Watch as Earnings Season Kicks Off Perhaps no equity has benefitted more than Lululemon stock. LULU continues to enjoy double-digit revenue and profit growth. Long a choice brand among women for yoga and running, the company has expanded its men's segment in recent years. It has even gained a following among teens.Lululemon trades at a forward price-to-earnings (PE) ratio of about 31.6. Analysts also see profit growth continuing. They forecast earnings will grow by more than 18% both this year and next. They also project average annual profit growth of 17.7% per year over the next five years.Its long-term profit outlook comes in ahead of both Nike (NYSE:NKE) and VF Corp (NYSE:VFC). While falling short of Under Armour (NYSE:UA, NYSE:UAA) on earnings increases, LULU still outperforms UA on revenue growth. LULU Stock and Market TrendsStill, this impressive performance holds both good news and bad news for LULU stock. Due to its move lower and recovery over the last year, investors may need to look at Lululemon stock as a proxy for the market.The forward PE of 31.6 may seem fully valued or even slightly overpriced. The 18-plus% profit growth can help LULU justify that multiple, but only if the market continues moving higher.However, traders should take heed of last year's stock selloff. Lululemon peaked at $161.25 per share in late September. Soon after, the market decline began. By Dec. 24, LULU had fallen as low as $110.71 per share.As mentioned before, the equity now slightly exceeds those September highs. Still, global growth has shown signs of slowing. Moreover, the current bull market has gone on for more than ten years now. If the market changes direction, one has to assume Lululemon will follow suit.Over the long term, I see LULU as a winner. Should the stock find itself caught in a slowdown, I think it becomes one of the more apparent buys. However, only macro trends can drive it higher in the near term. With that movement possibly looking to shift, investors should consider waiting for now. The Bottom Line on LULU StockThanks to a recent move higher, macro trends will probably serve as the driving force of Lululemon in the near term. Perhaps no company understands trends in women's athletic clothing better. As in previous years, this continues to bolster its stock. Moreover, a blowout earnings report and an overall market recovery have taken the price of LULU close to 52-week highs.However, its PE ratio indicates that the Lululemon stock price accounts for the company's growth in popularity. The trading patterns of the last year suggest the stock has become more of a proxy for the overall market than the company's own numbers.LULU stock remains a long-term buy. Still, with some market trends possibly turning negative, prospective buyers should exercise patience, not buy orders.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post At This Point, LULU Stock Only Can Follow the Overall Market appeared first on InvestorPlace.

  • TheStreet.com15 days ago

    Under Armour Is Upgraded to Buy at Citigroup

    were upgraded at Citigroup Wednesday, sending the stock rising in premarket trading. Analyst Paul Lejuez at Citigroup lifted his rating on the stock to buy from neutral and raised his price target to $29 from $23 as he assumed coverage of the company. The $29 per share price target is about 40% above Tuesday's closing price of $20.72.

  • Avenatti’s Bribery Claims Won’t Really Hurt Nike Stock
    InvestorPlace15 days ago

    Avenatti’s Bribery Claims Won’t Really Hurt Nike Stock

    Is Nike (NYSE:NKE) likely guilty of something like the bribery accusations being levied against it? Maybe. Does its accuser, now-infamous attorney Michael Avenatti, have a credibility problem? Absolutely. Is this something owners of Nike stock need to worry about? Nope.Source: rodrigofranca via FlickrThis past weekend, lawyer Michael Avenatti followed through on a threat to publicly release what he described as "evidence showing Nike bribed players to attend 'Nike' colleges."The development extends an ever-lengthening saga. In March, Avenatti was arrested for extortion of Nike, embezzlement, and defrauding a bank. Hid demand of $20 million from Nike was in exchange for not releasing what he deemed to be documentations of Nike's wrongdoing. That document is publicly available via dropbox, and even if only half-true, is still rather damning.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn the other hand, even if true, it's not exactly shocking, nor is it game-changing. Avenatti's involvement itself may further muster public support of Nike. * 8 Risky Stocks to Watch as Earnings Season Kicks Off Extortion Claims and Nike StockIf the name rings a bell, there's a reason. Michael Avenatti is the same lawyer that represented porn film star Stormy Daniels in her legal battle against President Donald Trump. Avenatti also represented Brett Kavanaugh accuser Julie Swetnick.His recent track record is less than solid. Kavanaugh became a Supreme Court justice, and Daniels now owes Trump nearly $300,000 in legal fees over a now-dismissed defamation lawsuit.Somehow high-profile scandals seem to find the attorney. Or, he finds high-profile scandals.The latest row with Nike looks and seems like the latter.That is, in March, Avenatti publicly threatened to release what he claimed was proof of bribery unless Nike wrote Avenetti a check for as much as $20 million in exchange for his silence on the matter.In a private phone conversation with Nike's attorneys, allegedly heard by law enforcement officials, Avenatti went on to threaten doing damage to the sports apparel company's market cap by reducing the value of Nike stock.Though the court of public opinion may be even more powerful than the judicial system in this era, it's still a poor legal strategy. Avenatti was not acting on behalf of anyone claiming to be injured by Nike's actions. It appeared, for all intents and purposes, he had gathered data for the sole purpose of forcing Nike to pay him a large sum of money.Going public with the claim rather than approaching Nike privately only forced the organization to double down on its defense.His arrest in March suggests federal prosecutors are thinking along those same lines. Allegations and ResponseThe 41 page document appears to show email exchanges, text messaging threads, banks statements and other evidence involving Nike Elite Youth Basketball executives Carlton DeBose and Jamal James. The document also implicates Gary Franklin, of California Supreme Youth Basketball, as the person who largely carried out what's roughly $170,000 worth of bribes made over the course of the past several years.The document also alleges Nike paid money to Zion Williamson's mother, Sharonda Sampson.Williamson, a freshman, played basketball for Nike-sponsored Duke University this season, and is widely expected to be a first round NBA draft pick later this year, where he's almost assured a lucrative endorsement deal.Under Armour (NYSE:UAA, NYSE:UA), Puma and Adidas (OTCMKTS:ADDYY) are all potential brands Williamson could partner with, though through Duke he's clearly familiar with Nike.Nike's response thus far has been modest, but effectively so. The company has only commented:"Nike will not respond to the allegations of an individual facing federal charges of fraud and extortion and aid in his disgraceful attempts to distract from the athletes on the court at the height of the tournament. Nike will continue its cooperation with the government's investigation into grassroots basketball and the related extortion case."The sports apparel organization may be hoping the media and Avenatti's dinged reputation will be enough to deflate the matter. It's not a bad bet.But, are any of the accusations true?That remains to be seen, though it would be bold for Avanetti to fabricate an entire 41 pages of false documentation, particularly given he's facing up to 100 years in jail if extortion charges against him stick.But, bolstering his argument are the October revelations of the findings from an FBI investigation that sought to identify how, and to what extent, athletes were being compensated beyond scholarships to play for a particular school. The under-the-table cash payments are, to put it bluntly, sizeable and not abnormal for most schools and brands. Bottom Line for Nike StockThough ugly, the matter is neither surprising nor troubling for investors and consumers that have largely become desensitized to questionable decisions. While two wrongs don't make a right, a series of wrongs at least levels the playing field. It would be surprising is Nike wasn't doing something akin to what Avanetti has alleged.It's just the nature of the beast. There's very little left that's "amateurish" about collegiate sports, which has become a multibillion dollar business as well as a proving ground for potential professional sports stars.For better or worse, this has all been quietly, tacitly built into the price of Nike stock. Avanetti's claims aren't something investors didn't quietly suspect already. It simply lays out more details of those suspicions.Avanetti's name being attached to the accusation only weakens the accusation.It's not a matter that's going to do grave damage to the company's stature.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post Avenatti's Bribery Claims Won't Really Hurt Nike Stock appeared first on InvestorPlace.

  • Barrons.com16 days ago

    Under Armour Stock Is Down Because Consumers Are Into Other Brands

    Shares of Under Armour fell Tuesday as an annual brand survey showed it losing ground to competitors.

  • 4 of the Best Athleisure Stocks to Ride the Trend
    InvestorPlace16 days ago

    4 of the Best Athleisure Stocks to Ride the Trend

    Athleisure clothing is one of the hottest trends out there in apparel stocks today. Athleisure, for those unfamiliar, is comfortable clothing that is designed for exercise but is also appropriate for everyday wear. Particularly with time-strapped, on-the-move millenials, athleisure clothing is riding a huge wave of interest.What a lot of investors might not understand is that younger consumers are wearing these clothes everywhere, not just to the gym. Athleisure clothing has even started showing up in some workplaces. That has set up athletic apparel stocks with a great opportunity to make investors money as this trend moves from the gym to everyday life.Not all clothing companies are created equal, however. Some have come into the space more quickly than others. Lululemon Athletica (NASDAQ:LULU) practically invented the category, and a few other apparel companies wisely followed Lululemon's lead.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Fastest-Growing Stocks to Invest In Right Now Here are four of the most promising athleisure stocks in 2019. Lululemon (LULU)Source: Shutterstock Morgan Stanley estimates that between 2007 and 2018, activewear sales rose from just under $200 billion annually, globally, to $325 billion. They see that number topping $350 billion in 2020. While athleisure is just a part of that figure, it has clearly been driving much of the overall growth. Overall apparel sales, by contrast, have been growing at just 2% annually worldwide.And we can give Lululemon all the credit for finding the trend early, and continuing to ride it. Investors looked down on LULU stock for just being a fad years ago. LULU stock traded sideways for years as people thought they would never outgrow being a yoga pants store. Over the past year, however, LULU stock has doubled as the brand has proven it can grow sales outside of its traditional markets. Most impressively, Lululemon is making increasing inroads in the male apparel market.Make no mistake, LULU stock is really expensive. At 49x trailing and 37x forward earnings, you need a lot to go right for Lululemon to keep appreciating. The stock did just make a fresh new all-time high on Thursday, after all. But if you want to play a trend, you're often best riding the industry leader. There's no disputing that Lululemon has its finger on the pulse of the athleisure movement. If athleisure continues to surge, LULU stock will continue its winning ways. Nike (NKE)Source: rodrigofranca via FlickrI recently warned not to buy Nike (NYSE:NKE) stock yet on the dip. So don't take this as a call that you need to own Nike stock immediately here. The company announced a mixed earnings report, and for now, we must be careful to see if it is the start of a trend. Unfortunately, with a company as large as Nike, there are a ton of moving parts that can overshadow the growing athleisure part of the business.Near-term complications, such as trade wars and weakness in China could keep NKE stock down in coming the months.For a longer-term investment, however, NKE stock makes a ton of sense. It's indisputably the leading apparel brand around the globe, and Nike has been quick to adapt to the athleisure trend. It may not have beaten Lululemon to the punch, but it has quickly gotten on board. * Top 10 Index Funds to Build a Retirement On Nike has innovated greatly in women's apparel in recent years to make sure that it is front and center in the more casual everyday athletic space. That reaches from traditional things such as better marketing to innovative product designs and more capable and comfortable fabrics. Nike, not surprisingly given its global reach, has been able to move into top position, ranking No. 1 in total athleisure sales according to Euromonitor. The Gap (GPS)Source: Shutterstock The Gap (NYSE:GPS) probably isn't the first name you think of when you consider athleisure stocks. However, it should be near the top of your radar. That's because The Gap is undergoing what could be a very profitable transformation.Recently, The Gap confirmed speculation that it will be spinning off Old Navy as a separate company. Of The Gap's four big brands, Old Navy has the best operating profit margins and it is still growing nicely. The Gap stock has arguably struggled in recent years because it is mixed in with Banana Republic and The Gap, both of which are mature, low-growth brands with much lower profit margins.Lost in the shuffle, however, is The Gap's other brand, the athleisure hit Athleta. Once Old Navy is established as its own business, that will leave Athleta as the high-growth face of The Gap going forward. Athleta is coming up on $1 billion in annual sales and just passed 150 stores, leaving it with about half the footprint of Lululemon so far. That gives it plenty more room to grow. Its sales trends remain reasonably strong, particularly in girl's apparel. Athleta has been living under the shadow of Old Navy. Once the spinoff is complete, look for upside in Gap stock, which is currently yielding almost 4% and trading at 11x forward earnings. Under Armour (UAA)Source: Shutterstock If you're looking for a bargain in this red-hot sector, you'll want to take a look at Under Armour (NYSE:UA, NYSE:UAA). Okay, bargain is in the eye of the beholder. At 35x forward earnings or so, UAA stock is still way more expensive than Gap on earnings. But earnings could turn around here quickly.As it is, Under Armour stock is still down close to 20% from its recent highs, and is still down more than 50% from its peak a few years back. Under Armour fell off the pace as its basketball shoe sales gave in to the inevitable and fell behind Nike again after a hot streak. But there's more to the business than basketball. * 10 Dangerous Dividend Stocks to Avoid Unfortunately, some of Under Armour's efforts into athleisure failed to pay off as much as expected. As a result, the company is changing up its approach. CEO Kevin Plank noted that many buyers of athleisure products never actually exercise -- they simply like the look and feel. Under Armour is instead deciding to double down on what made it great in the first place: athletic performance. Under Armour aims to create more stylish lines that achieve superior performance to the competition. It's still a question if Under Armour can pull it off, but with UAA stock down this far, the reward will be great if the company can turn things around.At the time of this writing, Ian Bezek did not hold a position in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post 4 of the Best Athleisure Stocks to Ride the Trend appeared first on InvestorPlace.

  • Adidas' Beyonce Deal Could Be Bad News for Under Armour
    Motley Fool19 days ago

    Adidas' Beyonce Deal Could Be Bad News for Under Armour

    Queen Bey will design a new line of Adidas products and bring her Ivy Park products to its stores.