Why Under Armour Inc (UAA) stock should still be avoided?
Under Armour (UAA) is expected to deliver a year-over-year ... a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Does the Under Armour stock split make UA a buy?
Does Under Armour's 5-Year Plan Make the Stock a Buy? A year ago, the athletic apparel company laid out a clear five-year plan, but it didn't exactly sprint out of the starting blocks.
Why the Under Armour brand is in crisis?
Under Armour is a brand in crisis. The athletic apparel company reported better-than-expected earnings on Monday, but its stock plunged in the wake of news about a federal accounting probe. What’s...
Is Under Armour in trouble?
Under Armour still has a North America problem. The athletic apparel retailer’s mixed earnings results on Tuesday called attention to the fact that the brand continues to struggle to win over shoppers on its home turf. North American sales are expected to be down slightly in 2019, rather than flat as its prior forecast projected.
Why did Under Armour stock drop?
However, supply chain disruptions and rising costs have weighed on profitability in recent quarters. Shares plunged earlier this month after Under Armour reported an unexpected loss for the period ending on March 31.
Is Under Armour stock a good buy?
Under Armour, Inc. may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of UAA, demonstrate its potential to outperform the market. It currently has a Growth Score of A.
Why is UAA stock down?
UAA plunged 23.8% during the trading session on May 6, following the company's lackluster performance in the transition quarter ended Mar 31, 2022 and a muted outlook for fiscal 2023. The impact of supply chain disruptions and higher shipping costs was visible in the sportswear maker's quarterly results.
What's happening with Under Armour?
Under Armour sales soared 27% to $5.7 billion in 2021, with the company saying both consumer demand and brand strength were on an upswing despite disruptions from the pandemic. Sales and earnings for the crucial fourth quarter also beat Wall Street estimates.
Will Under Armour stock recover?
Under Armour / UAA Analysts estimate that it will earn 79 cents a share in calendar 2022 after last year's 77 cents, on a 6% increase in sales, to $6 billion. The consensus calls for 2022 sales to rise about 9% and 22% at Nike and Lululemon, respectively.
Is UAA a buy or sell?
Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy)....Consensus Analyst Price Target.High Price Target$40.00Low Price Target$10.001 more row
Which Stock Exchange does Under Armour trade on?
the New York Stock ExchangeStock Information Under Armour has two classes of publicly traded common stock listed on the New York Stock Exchange: UAA (Class A) and UA (Class C).
Is Under Armour losing money?
Under Armour Inc. on Friday swung to a loss in the three months ended March 31, as higher freight costs dented profit margins. The Baltimore-based sports-equipment company reported a net loss of $59.6 million for the period ended March 31, compared with a net profit of $77.7 million a year earlier.
Is Under Armour still popular?
Under Armour has overtaken Adidas this year in combined apparel and footwear sales to become the second biggest sports brand in the United States.
What company owns Under Armour?
As Under Armour founder and chairmen Kevin Plank unveiled a new brand message – “The Only Way is Through” – SEC filings revealed that in the last quarter a hedge fund made a significant bet on Under Armour's future performance. Lone Pine Capital LLC purchased a nearly 7% stake in the company.
Under Armour Beats on Q3 Earnings, Raises 2021 Outlook
Under Armour, Inc. continued with its stellar performance in third-quarter 2021, thanks to sturdy demand for the brand. Results reflected strength in both North America and international regions. Markedly, both the top and the bottom lines not only surpassed the Zacks Consensus Estimate but also improved year over year.
Other Financial Details
Under Armour ended the quarter with cash and cash equivalents of $1,253.7 million, long-term debt (net of current maturities) of $662.9 million and total stockholders' equity of $1,977.7 million. The company had no borrowings under $1.1 billion revolving credit facility.
2021 View
Management now anticipates full-year 2021 revenues to increase approximately 25%, up from the prior projection of low twenties percentage increase. This reflects high-twenties percentage growth rate in North America and a mid-thirties percentage growth rate in the international business.
What happened
The stock of Under Armour ( UAA -2.36% ) ( UA -1.52% ) lost ground to the market on Friday, dropping 9% by 12:30 p.m. ET today, compared to a 0.3% decline in the S&P 500. The decline was sparked by news that the retailer is struggling with supply chain challenges.
So what
Revenue for the holiday period that ended in late December was up 8% after accounting for currency exchange swings. That result was just above most investors' hopes.
Now what
Instead of that good news, investors focused on management's cautious outlook for the next several months. For the current quarter, sales will rise in the mid-single-digit range, executives said.
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