The drop was most likely due to competitor Nike disclosing that it's having supply chain issues that will affect it in the coming months, and investor fears that the same issues will plague Under Armour in the short term. Golfer wearing Under Armour clothing. Image source: Under Armour. Under Armour has been undergoing challenges for several years.
Why Under Armour Inc (UAA) stock should still be avoided?
Oct 03, 2021 · Shares of athletic apparel maker Under Armour ( UA -0.80% )( UAA -0.99% ) dropped 13% in September according to data provided by S&P Global Market Intelligence. There wasn't any significant news ...
Does the Under Armour stock split make UA a buy?
Dec 02, 2021 · 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.
Why the Under Armour brand is in crisis?
Jan 25, 2022 · January 25, 2022. Source: Shutterstock. Under Armour, Inc. ( NYSE:UAA ), might not be a large cap stock, but it received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$26.96 at one point, and dropping to the lows of US$18.51. Some share price movements can give investors a better opportunity to enter into …
Is Under Armour in trouble?
Oct 23, 2020 · Under Armour stock is due for a huge rebound in 2021, supported by a new strategy, new products and a stronger consumer.More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock...
Is Under Armour a good stock to buy?
Consensus Rating and Price Target Indicate Potential Upside Of 17 Wall Street analysts that rated UAA, 13 rated it Buy, while three rated it Hold and one rated it Sell. The 12-month median price target of $31.75 indicates a 63.1% potential upside from yesterday's closing price of $19.47.Jan 12, 2022
Is Under Armour stock overvalued?
Overvalued. Analysts are currently looking for Under Armour to earn only $0.33 a share in 2019, meaning shares now trade at over 46 times one-year forward earnings estimates. That's nearly double Nike's valuation at 24 times.
Why are there 2 different Under Armour stocks?
The ticker "UA" represents Class C shares, while "UAA" represents Class A voting shares. When there are two classes of stock, this is known as having a dual-class share structure. The structure has one purpose, and it's to dilute the voting rights of public shareholders.Oct 18, 2021
Why is UAA stock down?
What happened. The stock of Under Armour ( UAA -0.12% ) ( UA -0.27% ) 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.Feb 11, 2022
Is unity overvalued?
Although Unity has fallen 47% from its December 2020 high, it's still overvalued when compared to its software peers. The median EV/FY 21 revenue multiple for the listed software stocks is about 23.2x.May 6, 2021
What is Zillow Class A?
Zillow underwent a stock split in 2015 while generating new share classes and now trades under the tickers Z and ZG. Z is for the new class of non-voting stock, C shares, while the A shares trade under the symbol ZG. Stock splits often have to do more with financial engineering than with company fundamentals.
What is difference between UA and UAA?
The main distinction between UA and UAA shares comes down to voting rights. UA stock, formerly trading under the UA. C symbol, stands for Class C shares, with no voting rights. UAA stock, formerly trading under the symbol UA, stands for Class A shares, which confer one vote per share to the owner.Dec 20, 2016
Is Zillow Z or ZG?
Zillow Group (NASDAQ:ZG, Z) underwent a stock split in 2015. ZG stock represents Class A shares with voting rights, while Z stock represents Class C shares without voting rights.Jan 26, 2022
Is UAA stock a buy?
A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.97%2Buy18.45%3Hold10.03%4Sell5.70%2 more rows
Who is owner of Under Armour?
founder Kevin PlankUnder Armour founder Kevin Plank built a popular sportswear brand as the underdog competitor to Nike. Noticing his football teammates' sweat-soaked shirts, Plank came up with a lightweight, sweat-wicking shirt using fabrics from women's undergarments.
What is the beta for under Armour?
1.27Performance OutlookMarket Cap7.572BBeta (5Y Monthly)1.27PE Ratio (TTM)15.52EPS (TTM)0.94Earnings DateApr 25, 2018 - Apr 30, 20183 more rows
Under Armour, Undervalued?
UAA stock is dirt cheap today because of the aforementioned branding problems.
Bottom Line on Under Armour Stock
For years, Under Armour has struggled with enormous branding problems.
Lower revenue growth
J.P. Morgan expects Under Armour’s fiscal 2020 revenues to mark 3.8% growth, according to a MarketWatch report. J.P. Morgan’s growth forecast is well below analysts’ consensus estimate. The analysts polled by Reuters expect Under Armour’s top line to mark 4.6% growth in fiscal 2020.
Under Armour faces challenges in DTC business
Athletic apparel and footwear companies are focusing on DTC (direct-to-consumer) strategies and full-price shipments to boost their overall sales and margins. Notably, the consistent demand for athletic products ensures that the companies operating in the space benefit from this strategy.
Under Armour stock lags its peers
Under Armour stock underperformed its peers as well as the broader markets in 2019. The stock increased by 22.2% in 2019 compared to growth of 36.6% and 90.5% in Nike and Lululemon stock. Skechers (SKX) shares rose by 88.7% in 2019.
Recent Crisis Means More Bad News for Under Armour Stock
What went wrong with this overnight success story? Disrupting the athletic apparel space, Under Armour became a multi-billion dollar brand in less than two decades. Yet in the past few years, the company has dropped the ball numerous times.
How Low Could UA Stock Go?
The more you think about it, the more you realize how much of a death knell the coronavirus outbreak could be for Under Armour stock. Not just the fact stores will be temporarily closed. With the NBA and other sports on hold until the crisis ends, there’s less at play to shore up demand for the company’s products.
Shares Could Fall Further From Here
Bottom line: Under Armour stock is no “turnaround play.” The company’s poor management decisions sunk the company from high-flyer to has-been. The company lost its edge in performance wear. They show no signs of moving the needle in categories like athleisure.
Meet Matt McCall
With his next-generation approach to investing, Matt McCall finds better stocks for you to invest in — not the same old companies over-hyped on Wall Street.