|Bid||19.03 x 1800|
|Ask||19.04 x 900|
|Day's Range||18.34 - 19.44|
|52 Week Range||12.50 - 24.96|
|Beta (3Y Monthly)||-0.69|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 11, 2019 - Feb 15, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.69|
Dec.13 -- Under Armour Inc. Chief Executive Officer Kevin Plank and Chief Operating Officer Patrik Frisk discuss the athletic wear company's growth strategy with Bloomberg's Scarlet Fu on "Bloomberg Markets: European Close."
CNBC's Sara Eisen sits down with Under Armour's Founder and CEO Kevin Plank and President Patrik Frisk to talk about the company's turnaround plan.
Shares of Nike (NKE) have fallen roughly 12% over the last three months as part of the larger market decline. Yet, the sportswear powerhouse has quickly revamped its business to focus on direct-to-consumer sales and has returned to growth in North America as it continues to expand around the globe.
Ryan McQueeney and Maddy Johnson discuss the latest trade war news, Under Armour's investor day, hemp legalization, and Robinhood's checking and savings accounts.
High consumer confidence, steady labor market, gradual wage acceleration and higher business investments have been aiding the Textile-Apparel industry.
The following is the unofficial transcript of a FIRST ON CNBC interview with Under Armour CEO & Chairman Kevin Plank, Under Armour President Patrik Frisk, and CNBC's Sara Eisen on CNBC's "Squawk on the Street" (M-F 9AM – 11AM) today, Thursday, December 13th. PATRIK FRISK: Thank you, Sara. SARA EISEN: So Kevin, what were you thinking when you saw the reaction?
Under Armour Inc. shares have taken a beating this week, with the athletic company’s investor day leaving some analysts optimistic about the long-term, and others bearish about the company’s ability to make good on its guidance.
The Nasdaq composite outperformed other key indexes as more growth stocks showed bullish chart action. Watch for potential new breakouts to emerge.
Shares of (UAA) fell as the company updated investors on the status of its turnaround plan on Wednesday. It may be as simple as the fact that investors already bid the shares up quite a bit this year, leaving some thinking it would take more than a “conservative” outlook from the company to keep them rising. Comparing the forecasts gives investors a sense of where the company thinks it can go as it moves out of turnaround mode.
Under Armour had its big 2018 Investor Day on Wednesday. Under Armour stock had been bid up ahead of the event as investors anticipated management to wow the market with aggressive five-year sales and profits targets. Overall, the Investor Day presentation simply confirmed what the market already knew: North America growth is stabilizing, international growth is rapidly slowing, margins are improving and the five-year forward growth trajectory is simply good, not great.
Under Armour Inc (NYSE: UAA) shares took a nosedive Wednesday after the highly anticipated five-year plan unveiled at its Investor Day meeting failed to impress investors. CEO Kevin Plank introduced the company’s 2023 strategic growth plan at the meeting and said it was designed around two strategic priorities: to protect and perform.
A week and a half ago we pointed out HP shares had just broken below a couple of important support levels. Click to Enlarge • The long-term technical floors that were broken are the solid white 200-day moving average line and the straight-line support plotted with a white dashed line on both stock charts.
CFO David Bergman said at Under Armour's investor day that the company plans to take possession of its space on the first floor of the General Motors building in the first half of 2020.
Under Armour CEO Kevin Plank says he wants to build a "diverse" and "inclusive" company. Under Armour UAA CEO Kevin Plank says he wants to build a "diverse" and "inclusive" company, following a report earlier this year that exposed that the company had been letting its employees charge visits to strip clubs on their corporate cards. The practice of letting workers expense strip club visits to win over athletes was stopped in February, though it had been happening for years, The Wall Street Journal reported last month.
Under Armour laid out its five-year strategic growth plan through 2023 to little fanfare from the research firm community. In the past Under Armour was a growth stock, consistently doubling its revenue year over. "Focusing on sustainable, profitable growth while increasing returns on capital and generating substantial cash will empower our ability to deliver industry-leading innovation, compelling premium consumer experiences and drive toward our targets, while steadily increasing returns to our shareholders," Chief Financial Officer David Bergman said in the 8-K.
Nike (NKE) is one of the biggest names in the athletic apparel and footwear manufacturing and distribution space. Over the past few years, Nike has increased its focus on its DTC (direct-to-consumer) business. Nike has beaten revenue estimates in four out of the last five quarters while witnessing year-over-year revenue growth in each.
On December 11, Nike’s (NKE) 12-month forward PE ratio was 25.3x. Meanwhile, Under Armour (UAA), Skechers (SKX), and Columbia Sportswear (COLM) had PE ratios of 65.5x, 12.3x, and 21.8x, respectively. Forward PE multiples help investors make investment decisions for similar companies.
The company expects its revenues to return to a low double-digit growth rate. The five-year revenue CAGR (compounded annual growth rate) for the North America revenues is estimated to be 1%–3%. For international operations, the five-year revenue CAGR is expected to be 17%–19%.