UA - Under Armour, Inc.

NYSE - NYSE Delayed Price. Currency in USD
18.09
-0.28 (-1.52%)
At close: 4:05PM EST
Stock chart is not supported by your current browser
Previous Close18.37
Open18.32
Bid15.95 x 4000
Ask0.00 x 4000
Day's Range18.03 - 18.39
52 Week Range15.06 - 24.55
Volume2,057,097
Avg. Volume2,605,940
Market Cap8.612B
Beta (5Y Monthly)0.57
PE Ratio (TTM)72.94
EPS (TTM)0.25
Earnings DateApr 24, 2018 - Apr 29, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est25.00
  • For Under Armour Stock, NBA Star’s New Shoe Is Crucial
    InvestorPlace

    For Under Armour Stock, NBA Star’s New Shoe Is Crucial

    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.

  • Iconic swimmer Michael Phelps on Under Armour, mental health and the Ravens' playoff loss
    American City Business Journals

    Iconic swimmer Michael Phelps on Under Armour, mental health and the Ravens' playoff loss

    Like Michael Phelps, Under Armour experienced a rapid rise to national prominence. Also like Phelps, Under Armour has faced challenges.

  • MarketWatch

    Under Armour to launch the first signature shoe for NBA's Joel Embiid in fall 2020

    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.

  • Under Armour kicks off first marketing campaign under new CEO
    American City Business Journals

    Under Armour kicks off first marketing campaign under new CEO

    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.

  • Microsoft CEO Satya Nadella: 'I really would love for the 2020s to be defined differently'
    Yahoo Finance

    Microsoft CEO Satya Nadella: 'I really would love for the 2020s to be defined differently'

    Yahoo Finance speaks at length about the future of retail and the cloud business in an exclusive interview with Microsoft CEO Satya Nadella.

  • This former Steve Jobs insider at Apple thinks struggling Macy's won't die like Sears
    Yahoo Finance

    This former Steve Jobs insider at Apple thinks struggling Macy's won't die like Sears

    A one-time rival and former J.C. Penney CEO weighs in on tMacy's future.

  • PR Newswire

    SHAREHOLDER ALERT: Schubert Firm Investigating Possible Derivative Claims on Behalf of Under Armour, Inc. Shareholders

    Schubert Jonckheer & Kolbe LLP is investigating potential derivative claims on behalf of the shareholders of Under Armour, Inc. (NYSE: UAA) ("Under Armour"), related to the company's accounting practices.

  • GlobeNewswire

    NYSE: UA Investor Notice: Lawsuit against Under Armour, Inc. announced by Shareholders Foundation

    The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in shares of Under Armour, Inc. Investors, who purchased shares of Under Armour, Inc. (UA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

  • Top-ranked hedge fund takes big stake in Under Armour
    American City Business Journals

    Top-ranked hedge fund takes big stake in Under Armour

    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.

  • Adobe Brings One of Its Last Legacy Products to the Cloud
    Bloomberg

    Adobe Brings One of Its Last Legacy Products to the Cloud

    (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 ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, 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.

  • Target hatches a billion dollar plan to challenge Nike and Under Armour
    Yahoo Finance

    Target hatches a billion dollar plan to challenge Nike and Under Armour

    Target is getting ready to make a splash in the athletic apparel and footwear space.

  • Under Armour shares sink after JPMorgan forecasts a ‘full-price hangover’ that will drag down revenue
    MarketWatch

    Under Armour shares sink after JPMorgan forecasts a ‘full-price hangover’ that will drag down revenue

    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 ...

  • ACCESSWIRE

    SHAREHOLDER ALERT: UA FSCT CGC: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

    NEW YORK, NY / ACCESSWIRE / January 6, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a ...

  • Under Armour quietly tapped a chief accounting officer after disclosing federal probe
    American City Business Journals

    Under Armour quietly tapped a chief accounting officer after disclosing federal probe

    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.

  • ACCESSWIRE

    FINAL DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Under Armour, Inc. and Encourages Investors with Losses to Contact the Firm

    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. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

  • ACCESSWIRE

    CLASS ACTION UPDATE for UA, FSCT and XYF: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

    NEW YORK, NY / ACCESSWIRE / January 6, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...

  • ACCESSWIRE

    SHAREHOLDER ALERT - Under Armour, Inc. (UA; UAA) - Bronstein, Gewirtz & Grossman, LLC Reminds Shareholders With Losses Exceeding $100K of Class Action and Lead Plaintiff Deadline: January 6, 2020

    NEW YORK, NY / ACCESSWIRE / January 6, 2020 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Under Armour, Inc. ("Under Armour" or the ...

  • TheStreet.com

    Under Armour Drops as J.P. Morgan Resumes Coverage at Neutral

    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.

  • ACCESSWIRE

    UA/UAA DEADLINE TODAY: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Under Armour (UA, UAA) Investors of Today’s Deadline to Move for Lead Plaintiff

    SAN FRANCISCO, CA / ACCESSWIRE / January 6, 2020 / Hagens Berman alerts Under Armour, Inc. (NYSE:UA, UAA) investors of today's deadline to move for lead plaintiff in a securities fraud class action pending ...

  • ACCESSWIRE

    FINAL DEADLINE TOMORROW: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Under Armour, Inc. and Encourages Investors with Losses to Contact the Firm

    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. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

  • GlobeNewswire

    2-DAY DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Under Armour (UA, UAA) Investors with Significant Losses to Contact Its Attorneys, Application Deadline Approaching

    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. Only two days remain until the January 6, 2020 lead plaintiff deadline in a securities fraud class action that has been filed against the company and senior executives. The complaint alleges that Defendants misled investors by engaging in fraudulent accounting.

  • ACCESSWIRE

    CLASS ACTION DEADLINE: Brodsky & Smith, LLC Reminds Investors of Approaching Deadlines Related to the Following Companies: MMSI, UA/UAA, BAX

    BALA CYNWYD, PA / ACCESSWIRE / January 4, 2020 / Brodsky & Smith, LLC reminds investors of important approaching deadlines regarding class action lawsuits against the following companies for violations ...

  • ACCESSWIRE

    UA/UAA DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Under Armour (UA, UAA) Investors with Significant Losses to Contact Its Attorneys, Application Deadline Approaching

    SAN FRANCISCO / ACCESSWIRE / January 3, 2020 / 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 ...

  • ACCESSWIRE

    The Gross Law Firm Announces Class Actions on Behalf of Shareholders of QUAD, UA and AFI

    NEW YORK, NY / ACCESSWIRE / January 3, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. ...

  • 5 sports business predictions for 2020
    Yahoo Finance

    5 sports business predictions for 2020

    There was plenty of turmoil in sports business in 2019. Here are a few storylines to watch in 2020, from gambling to streaming to NCAA rules.