20.57 0.00 (0.00%)
After hours: 5:15PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 21500|
|Day's Range||19.96 - 20.77|
|52 Week Range||11.40 - 24.69|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.11|
Under Armour ends the day higher after JPMorgan analyst Matthew Boss upgraded shares of the athletic apparel maker to Neutral from Underweight and raised his price target to $20 from $16 per share.
The S&P 500 and Nasdaq Composite also surged on Thursday, but weekly gains were more modest. The stock market’s upward trend has coincided with a pause in the U.S. dollar’s climb and a recent spike in government-bond yields, a signal investors are viewing next week’s expected increase in interest rates from the Federal Reserve as a testament to the strength of the economy. Among individual stocks, Hennes & Mauritz AB shot up 17% on Monday after the parent company of fast-fashion retailer H&M posted stronger-than-expected quarterly sales figures that validated its turnaround efforts.
Shares of Under Armour jumped more than 9% in two days after the company announced an additional 400 job cuts as part of its broader restructuring program. Under Armour has soared more than 43% year-to-date, but this follows a rocky 2017 that saw the company fall more than 50%. Shares of Under Armour UAA have jumped more than 10% in the past two days after the company gave an update on its restructuring plan.
Under Armour Inc. (NYSE: UAA )’s recent multiyear margin initiatives under new President and COO Patrik Frisk spurred an upgrade from JPMorgan Friday. The Analyst Analyst Matthew Boss upgraded Under Armour ...
While not completely devoid of drama, Nike stock has dominated the athletic footwear and apparel market. All of this is a net positive for NKE stock, as the underlying company is set to release its fiscal first-quarter 2019 earnings report early next week. Let’s get right to it: the most anticipated component of the Nike stock earnings disclosure is NFL quarterback Colin Kaepernick.
Under Armour (UAA) plans to lay off 400 jobs as part of its ongoing restructuring process that will lead to higher-than-expected restructuring cost. Also, the company has raised its bottom-line view.
Under Armour (UAA) shares rose 6.6% on September 20, which made it the top gainer in the S&P 500 Index. The company updated its restructuring plan and guidance. Under Armour announced a 3% cut in its workforce—the second round of job cuts for the company after it cut 277 jobs last year. The company expects annual savings of ~$75 million from the restructuring plan beginning in fiscal 2019.
Under Armour Inc. is cutting about 400 jobs globally as the company continues to slash costs to combat weak sales of its athletic apparel. The sportswear company said Thursday that it was reducing its workforce by about 3%, which a company spokeswoman said comes out to about 400 employees. Under Armour expects the workforce reduction to be finished by the end of March.