17.56 +0.23 (1.31%)
After hours: 4:43PM EST
|Bid||17.21 x 3100|
|Ask||17.34 x 1400|
|Day's Range||17.31 - 17.86|
|52 Week Range||16.52 - 27.72|
|Beta (3Y Monthly)||0.60|
|PE Ratio (TTM)||69.88|
|Earnings Date||Feb 13, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.65|
Under Armour faced renewed pressure over its accounting practices, after The Wall Street Journal reported that the athletic retailer borrowed business from future quarters to conceal slowing demand in 2016.
Under Armour's accounting practices are coming under fire after the Wall Street Journal reported it borrowed business from future quarters to hide slowing demand in 2016. Yahoo Finance's Alexis Christoforous and Dan Roberts discuss.
Former Executives at Under Armour told The Wall Street Journal that the sports clothing company used aggressive tactics to improve its sales numbers. Yahoo Finance’s Dan Roberts, Kristin Myers and Heidi Chung discuss on YFi AM.
Hagens Berman urges Under Armour, Inc. (NYSE: UA, UAA) investors who have suffered losses in excess of $100,000 to submit their losses now to learn if they qualify to recover compensable damages. Recent reports by the The Wall Street Journal suggest investors’ claims have merit. According to the complaint, Under Armour improperly shifted sales from quarter to quarter to appear healthier, including to keep pace with its long-running year-over-year 20% net revenue growth.
Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Under Armour, Inc. (NYSE: UA, UAA) between August 3, 2016 and November 1, 2019, inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than January 6, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
NEW YORK, NY / ACCESSWIRE / November 18, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. If you suffered a loss, you can request that the Court appoint you as lead plaintiff.
If you purchased or otherwise acquired the securities of Under Armour during the Class Period, you may move the Court for appointment as lead plaintiff by no later than January 6, 2020. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.
LOS ANGELES, CA / ACCESSWIRE / November 17, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Under Armour, Inc. ("Under Armour" or "the Company") (NYSE:UA,UAA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between August 3, 2016 and November 1, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before January 6, 2020.
LOS ANGELES, CA / ACCESSWIRE / November 16, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Under Armour, Inc. ("Under Armour" or "the Company") (NYSE:UA,UAA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between August 3, 2016 and November 1, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before January 6, 2020.
BALA CYNWYD, PA / ACCESSWIRE / November 16, 2019 / Brodsky & Smith, LLC reminds investors of important approaching deadlines for lead plaintiff application regarding class action lawsuits against the following ...
SAN FRANCISCO, CA / ACCESSWIRE / November 15, 2019 / Hagens Berman urges Under Armour, Inc. (NYSE:UAA) investors who have suffered losses in excess of $100,000 to submit their losses now to learn if they ...
BERWYN, Pa., Nov. 15, 2019 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased Under Armour, Inc. ("Under Armour" or the "Company") (UA) (UAA) securities between August 3, 2016 and November 1, 2019, inclusive (the "Class Period"). Under Armour shareholders may, no later than January 6, 2020, move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of Under Armour and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Under Armour, Inc. (“Under Armour” or the “Company”) (NYSE: UA, UAA) and certain of its officers, on behalf of shareholders who purchased Under Armour securities between August 3, 2016 and November 1, 2019, both dates inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws. The Complaint alleges that, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Under Armour shifted sales from quarter to quarter to appear healthier, including to keep pace with their long-running year-over-year 20% net revenue growth; (2) the Company had been under investigation by and cooperating with the U.S. Department of Justice and U.S. Securities and Exchange Commission since at least July 2017; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
In the investment world, there's a lot of debate surrounding technical analysis. Some fundamentalists call technical analysis "hocus pocus" and think there's nothing to it. Other traders, however, attest to the "price is truth" mantra, and believe that technicals give you the most insight about how and when to buy a stock.I'm not here to settle this decades-old debate.Rather, I'm here to do two things. First, I'll give my personal two cents on the matter. Technicals don't drive stocks. Fundamentals do. But, there's enough information embedded into price action -- and enough money out there paying close attention to technicals -- that technical indicators can give investors very strong and accurate buy/sell signals.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSecond, I'd like to highlight recent academic research from Professor Shu Feng of Boston University and Professor Na Wang and Professor Edward Zychowicz of Hofstra University. Analyzing data from 1993 to 2010, they found that technical indicators tend to perform better when sentiment is high, versus when sentiment is low.Right now, market sentiment is high. The S&P 500 has rallied an impressive 4% over the past month alone to all time highs, and every investor sentiment reading has moved higher over the past few weeks. * 7 Silver and Gold Stocks to Buy That Offer Contrarian Upside Considering that technicals do matter, that technical analysis works better during periods of high investor sentiment and that investor sentiment is presently high, the implication is clear. It's time to start buying stocks with strong charts and favorable technical indicators. Stocks to Buy with Great Charts: Skechers (SKX)First up, we have athletic apparel maker Skechers (NYSE:SKX).The 2019 chart for SKX stock is pretty clean and impressive. All year long, the stock has been on a steady uptrend, with well-defined support and resistance lines. Both of those lines have held multiple times, so barring some drastic change, they should keep holding for the foreseeable future. Assuming they do, the most likely path forward for SKX stock is to keep rallying until it hits its resistance line at around $45.The fundamentals support further upside in SKX stock, too. Consumer attitudes are improving, and consumer spend this holiday season will likely be very strong amid easing trade tensions, re-accelerating economic activity, and still healthy labor market conditions. At the same time, athletic apparel tailwinds remain alive and well, and the Skechers growth narrative (over 15% revenue growth last quarter) remains equally vigorous.Still, SKX stock trades at a huge discount to its sector and peers, and therefore, has plenty of room to keep moving higher, propelled by a healthy combination of profit growth and multiple expansion. Trade Desk (TTD)Second, we have programmatic advertising leader Trade Desk (NASDAQ:TTD).The chart on Trade Desk implies that this stock is in the early stages of a big rebound. Specifically, TTD stock plunged into technically oversold territory (Relative Strength Index below 30) in late September. It has only done this twice before over the past year. Both times, the stock proceeded to bottom, reverse course and head substantially higher over the subsequent few months. It looks like the same thing is happening this time around, as TTD has bottomed and reversed course in October/November. If history holds up, shares should continue to trend higher.The fundamentals underlying TTD stock are equally bullish. This company is pioneering the future of advertising, which is the usage of data, algorithms and machines to automate and optimize the ad transaction processes. This market, dubbed the programmatic advertising market, projects to grow by leaps and bounds as automation becomes more and more globally prevalent. Trade Desk will similarly grow by leaps and bounds in the long run. Near-term weakness is nothing more than noise for this long-term winner. * 10 Cheap Stocks to Buy Under $10 Plus, it looks like that near-term weakness is now fading out, which could mean that the coast is clear to buy the dip in TTD stock. AT&T (T)Third, we have telecom giant AT&T (NYSE:T).The chart on T stock implies that shares are in the midst of a breakout which will persist until about $45. Specifically, T stock broke a multiyear downtrend in early 2019. Ever since, the 20-day moving average has surged above the 50-day moving average, and both have surged above the 200-day moving average -- a favorable dynamic which implies building momentum in the stock. At the same time, multiyear resistance doesn't arrive until around $45, so barring any drastic changes. Thus, T stock looks like it's charting a course for that level.AT&T's fundamentals have similarly "broken out" in 2019. That is, this is a company which has been plagued by cord-cutting headwinds over the past several years. But AT&T is finally responding to those headwinds by building out a direct-to-consumer streaming service, HBO Max, which is set to launch in 2020. The expectation is that success in the streaming vertical will help offset weakness in the linear video vertical. Meanwhile, 5G coverage is going mainstream in 2020, and that should provide a boost to AT&T's wireless business.Overall, there's a lot to like about T stock here, and improving fundamental and technical trends imply that the 2019 breakout rally in shares isn't over just yet. Under Armour (UAA)Fourth, we have another athletic apparel maker, Under Armour (NYSE:UAA).The chart for UAA stock shows a stock which has been oversold and is due for a bounce-back soon. The technical buy signal on Under Armour over the past year has been buy when UAA stock drops below $18 and when the Relative Strength Index drops below 30. Right now, UAA stock is very close to flashing that buy signal, with shares below $18 and the RSI only a hair above 30. Once RSI drops below 30, history suggests UAA stock will bounce back in a big way.Fundamentally, the recent sell-off in UAA stock also seems overdone. Sure, this is a slow-growth company with some brand identity, executive and accounting issues. But, they are still a very important brand in a very important and rapidly growing athletic apparel market, with margins that are making significant upward progress.Considering all that, the long-term earnings power here says that UAA stock is worth a lot more than $17. * 7 Tech Stocks to Buy for the Rest of 2019 The implication? Be ready to buy this dip. UAA stock won't stay down here for long. Okta (OKTA)Fifth, we have cloud security company Okta (NASDAQ:OKTA).The story that OKTA's chart tells is one of a stock that is breaking out after a brief period of consolidation. Okta has been a very strong stock. It spends very little time in oversold territory. But every once in a while, valuation friction rears its ugly head and OKTA stock does dip into oversold territory. See late 2018 or late 2019.But with both the Relative Strength Index and stock rebounding, it appears OKTA is breaking out. The last time a breakout like this happened, OKTA stock marched from $60 to $140 in a matter of months.Fundamentally, everything here checks out. This is a 50%-plus revenue growth company disrupting a multi-billion-dollar (and still growing) cybersecurity space with a one-of-a-kind, identity-based solution. Gross margins are huge (over 70%), so as long as revenue growth drives positive operating leverage in the long run, Okta has an opportunity to produce huge profits at scale.Nothing about these fundamentals has changed over the past few months. OKTA stock just got hit by some valuation headwinds. Now, those headwinds have passed, and shares look ready to get back to their winning ways. Chegg (CHGG)Sixth, we have connected learning platform Chegg (NYSE:CHGG).On the technical side of things, Chegg appears to be in the very early innings of a multi-quarter breakout. CHGG stock has been hit hard recently. But it has also shown signs of strength ever since a strong Q3 earnings report. This recent strength has propelled the stock's 20-day moving average above its 50-day moving average for the first time in a few months. This bullish crossover signal has materialized just four times over the past three years. Each time, it preceded a huge move higher in CHGG stock.On the fundamental side of things, Chegg's strong Q3 earnings report confirmed that nothing has changed about this company's fundamentals. Students still need academic help, and they are still seeking for that help through on-demand, connected learning platforms. In that space, Chegg remains unrivaled, and students continue to swarm onto the Chegg platform. Revenues, margins, and profits are all moving higher. * 7 Great High-Yield Stocks With Payouts Over 5% With the fundamentals still rock-solid and the technicals pointing to a big move higher, I think now is the time to double down on CHGG stock. Etsy (ETSY)Last but not least on this list of stocks to buy with great charts is specialty e-commerce marketplace Etsy (NASDAQ:ETSY).The technical picture on Etsy implies that you have a really oversold stock -- one running into some big support -- that's due for a nice relief rally soon. Thanks to a convergence of headwinds, including disappointing earnings, ETSY stock has dropped into significantly oversold territory. Indeed, the RSI has only been this low on ETSY once before since 2016. At the same time, shares are running into multi-month support at $40. This combination of big support and dramatically oversold conditions should spark a recovery rally in ETSY stock.The fundamentals here are weakening. Growth is slowing, and margins aren't moving higher like they used to. Still, this is a 20%-plus volume growth company in a secular-growth e-commerce marketplace, with margins that are largely stable. In other words, it's still a very good growth company with a favorable financial profile.The valuation today doesn't seem to reflect this. As such, buying the dip seems like the smart move.As of this writing, Luke Lango was long SKX, TTD, T, OKTA, CHGG and ETSY. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Silver and Gold Stocks to Buy That Offer Contrarian Upside * 7 Earnings Reports to Watch Next Week * 5 Online Retail Stocks to Buy on the Dip The post 7 Stocks to Buy With Great Charts appeared first on InvestorPlace.
We turned to professional accountants and business school professors to ask if the company's accounting patterns were unusual.
LOS ANGELES, CA / ACCESSWIRE / November 15, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Under Armour, Inc. ("Under Armour" or "the Company") (NYSE:UA,UAA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between August 3, 2016 and November 1, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before January 6, 2020.
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. On November 3, 2019, The Wall Street Journal reported that the U.S. Department of Justice and Securities and Exchange Commission were investigating Under Armour’s accounting of revenue and related disclosures. The investigations concern whether the Company “shifted sales from quarter to quarter to appear healthier.” Though Under Armour had reported at least 20% year-over-year revenue growth for 26 straight quarters, the Company missed its sales targets in the final quarter of 2016 and has been struggling with weak sales and restructuring ever since.
The WSJ report says the company 'scrambled' to meet the targets and cover up slowed demand for its products.
Under Armour Inc. has issued a statement in response to a Wall Street Journal story, maintaining that its accounting practices have been "entirely appropriate." The Wall Street Journal spoke with former executives who said the company took a number of measures in the lead up to past earnings announcements, including redirecting goods to the off-price channel, in order to cover up slowing sales. "For many years, quarterly shifts in wholesale revenue related to timing of shipments based on financial goals; customer requests; year-to-year seasonal variance; different fiscal calendar alignments; product availability; logistics; and numerous other dynamics have been, and continue to be, part of the normal course of business practices in the apparel, footwear and retail sector," the Under Armour statement says. "In this respect, our process for recognizing revenue and recording returns and other allowances has not changed and has always been in compliance with generally accepted accounting principles." Last week, it was revealed that Under Armour was under federal investigation for its accounting practices. The athletic gear company also announced third-quarter earnings, which included a decline in North American sales and a downward guidance revision. Under Armour stock is down 17.1% for the month to date, and down 23.5% over the past year. The S&P 500 index is up 13.4% for the past 12 months.
Bernstein Liebhard LLP announces that class action complaints have been filed on behalf of shareholders of UA, UAA, TLF, and DOMO. If you wish to serve as lead plaintiff, you must move the court by the lead plaintiff deadlines listed below. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
New York, New York--(Newsfile Corp. - November 14, 2019) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Under Armour, Inc. (NYSE: UAA) (NYSE: UA) ("Under Armour" or the "Company") of the January 6, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi logoIf you invested in Under Armour stock or options between ...
The world’s largest retailer’s third quarter results on Thursday showed that yet again, CEO Doug McMillon continues to pull almost all the right strings operationally.
LOS ANGELES, CA / ACCESSWIRE / November 14, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Under Armour, Inc. ("Under Armour" or "the Company") (NYSE:UA,UAA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between August 3, 2016 and November 1, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before January 6, 2020.