|Bid||0.00 x 1800|
|Ask||0.00 x 3100|
|Day's range||19.88 - 20.72|
|52-week range||10.36 - 22.68|
|PE ratio (TTM)||N/A|
|Earnings date||25 Apr 2018 - 30 Apr 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||13.00|
Nike (NKE) is still the athletic brand of choice for young consumers, according to new research, with Adidas second for both men and women. In a Monday note, Cowen & Co. shared the results of a monthly survey that asked consumers aged 18-34 what brand they prefer when buying athletic apparel such as running and gym clothes. In June, Nike—as it has been for many months running—was the top pick for both men and women.
Under Armour (UAA) is acquiring fitness technology companies to enrich digital capabilities. It continues to look for opportunities to expand globally.
The headline news in its fiscal fourth-quarter report was a return to domestic revenue gains, and it outperformed on other key metrics as well.
After enjoying a strong 2017, Nike (NKE) stock has delivered solid returns year-to-date. The stock has risen ~18% this year, substantially outpacing the S&P 500, which has risen 2.8%. In fact, the sportswear giant was among the top Dow stocks this year as of June 21, marginally trailing Microsoft, which has risen 18.2%.
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.
Puma has signed this year's top NBA Draft prospect, and named Jay Z creative director of Puma Basketball, as it jumps back into the NBA sneaker game.
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.
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.
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.
The Dow Jones Industrial Average gained nearly 180 points today. In today's After the Bell, we... •...marvel at the market's ability to ignore bad news; •...highlight Under Armour's (UAA) S&P 500-topping ...
Shares of Under Armour (UAA) were up nearly 6% through early afternoon trading hours Monday after analysts from Stifel said the sports apparel giant was making significant changes that should soon be apparent in its financial results.