21.10 +0.24 (1.15%)
Pre-Market: 8:38AM EDT
|Bid||20.90 x 2900|
|Ask||21.35 x 900|
|Day's Range||20.72 - 21.43|
|52 Week Range||10.36 - 22.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 25, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.00|
Chris Verrone, Strategas Research Partners, discusses the best stocks to buy with the resurgence of retail. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Karen Finerman and Guy Adami.
Under Armour (UAA) was the worst-performing S&P 500 apparel stock in 2017. It plunged a massive 50% during the year. Some other apparel players had stellar performances that year. PVH (PVH), Gap (GPS), and Michael Kors (KORS) surged 52%, 52%, and 46%, respectively. Sportswear competitors Nike (NKE), Columbia Sportswear (COLM), and Lululemon Athletic (LULU) rose more than 20% that same year.
Under Armour (UAA) is a well-covered stock tracked by 32 Wall Street analysts. Competitors Nike (NKE), Columbia Sportswear (COLM), and Lululemon Athletica (LULU) have better ratings of 2.2, 2.2, and 2.3, respectively. Of the 32 analysts covering UAA, 50% are recommending a “hold” for the stock.
Rising inventories and slowing sales have hit Under Armour’s (UAA) profitability hard in recent quarters. Its gross margin has fallen for the past 12 quarters. Management noted that it was impacted by more aggressive initiatives for inventory management.
Inventory backlog has been a critical pressing issue for Under Armour (UAA) for some time. Inventories have grown at an increasing rate since then and rose ~27% YoY during the first quarter of 2018, which ended on March 31. Under Armour’s inventory turnover is the lowest among its close competitors.
Not long ago, Under Armour (UAA) challenged Nike’s (NKE) dominance in the sneaker market with the success of its Curry series. Now, UAA’s position is being challenged by New Balance, which recorded an 18% YoY increase in fiscal 2017 to $4.5 billion. UAA, on the other hand, grew sales by only 3% YoY during fiscal 2017 to ~$5 billion.
At Milan Fashion Week on Sunday (June 17), the Under Armour logo got a prominent turn on the runway. It was all over the new collection by the high-end, streetwear-fashion hybrid Palm Angels, popping out from hoodies, crewneck sweatshirts, jackets, and other items. And Under Armour is undoubtedly hoping everyone watching felt like the logo…
The ratings on the P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. The rating on the IO class was affirmed based on the credit quality of the referenced class.
Shares of Twitter TWTR , Netflix NFLX , Chipotle CMG , Under Armour UAA and TripAdvisor TRIP have two clear things in common. If those Wall Street price targets are any indication, they could be due for a pullback. Netflix, the second-best performer in the S&P 500, has gained 105 percent so far this year, putting it 15 percent above its average price target.
The Baltimore sportswear maker is a gold sponsor for the Baltimore Pride Parade, which celebrates the lesbian, gay, bi-sexual, and transgender community.
Stock Research Monitor: RL, PVH, and VFC LONDON, UK / ACCESSWIRE / June 12, 2018 / If you want a free Stock Review on UA sign up now at www.wallstequities.com/registration . Today, WallStEquities.com monitors ...
NEW YORK, NY / ACCESSWIRE / June 11, 2018 / U.S. markets finished higher and logged strongest week in months as investors shrug off tensions between U.S. and its allies. The Dow Jones Industrial Average ...
UA stock is scoring some points again. Its most recent earnings report topped expectations and the company affirmed that full-year 2018 is looking reasonably strong. Is all that enough to overcome the company’s substantial weaknesses?
Ryan McQueeney and Maddy Johnson take on this week's biggest stories, including the departure of longtime Starbucks (SBUX) executive Howard Schultz, Under Armour's (UAA) partnership with The Rock, and Microsoft's (MSFT) deal to buy GitHub. The hosts also chat about economic diplomacy between the U.S. and other world leaders.
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Also, folks are shrugging off the approach of another likely Federal Reserve rate hike next week, as well as the start of the summit between President Donald Donald Trump and North Korea in Singapore. While everyone is focusing on the likes of Amazon.com, Inc. (NASDAQ:AMZN) and Netflix, Inc. (NASDAQ:NFLX) — stocks that just refuse to slow their climb, let alone decline outright — a number of issues are hitting new highs with little to no fanfare. Hot-then-not sportswear maker Under Armour Inc (NYSE:UA) is enjoying a near-vertical rise in its share price, surging nearly 60% from the levels seen in late April to return to highs not seen since early 2017.
The Rock’s Project Rock 1 shoes from Under Armour Inc. (UA)(UAA) were released on May 28 in limited quantities through the company’s website and in Brand Houses across the country, and sold out in 30 minutes. “We like to think of Dwayne as our motivator of the masses,” said Adrienne Lofton, senior vice president of global brand management at Under Armour. More recently, analysts expressed concern about high inventory levels after first-quarter earnings were announced, with fears that it could put margin pressure on Under Armour and hamper growth.
Hylete Raising $6.25 Million in Shares, $5 Million in Bonds The typical apparel company has the weight of the world on its shoulders: There are whims of fashion, tenuous relationships with retailers, and the risk of simply making too much of the wrong thing. Could there be a business model that cuts through the […]
Under Armour was the top gainer in the S&P 500 Index (SPY) following a bullish note from Stifel analyst Jim Duffy. Duffy said, “Recent discussions with Under Armour leave us highly encouraged by leadership commitments to profitability improvement,” wrote Duffy. The S&P 500 Index rose by 12.25 points or 0.44% to 2,746 yesterday.
Shares of Under Armour (UAA) climbed 3.57% on Tuesday to close at $23.53 as part of a sustained run of success for the previously struggling sports apparel company. Some of Tuesday's gains seem to stem from news that Dwayne 'The Rock' Johnson's new shoes sold out extremely quickly.