|Bid||13.13 x 100|
|Ask||14.55 x 1100|
|Day's range||12.67 - 13.28|
|52-week range||10.36 - 26.25|
|PE ratio (TTM)||40.86|
|Earnings date||29 Jan 2018 - 2 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||16.00|
Shares of Under Armour (UAA) sank to the bottom of the S&P 500 on Tuesday, hurt by a downgrade. Class A shares of Under Armour fell $1.31, or 8.7%, to $13.81, while its Class C shares lost $1.66, or 11.7%, to $12.48. Under Armour Class A shares are down 4.3% this year and have lost 52.9% in the past 12 months.
Shares of Under Armour (UAA) had a dismal 2017, and analysts aren't enthusiastic about its prospects for this year either. Count Macquarie's Laurent Vasilescu among the bears after he and his team downgraded the stock to Underperform from Neutral, with an $8 price target. Why did Vasilescu throw in the towel on Under Armour?
Susquehanna analysts are unconvinced, opening a Tuesday note with just two words: “Sell UAA.” The company, they wrote, is suffering from a brand that “will continue to weaken before it is clear if it can be salvaged.” • To do so, they wrote, Under Armour needs to reclaim its place as an “aspirational” brand in part by pulling merchandise from retailers that don’t position it that way. “Those better retailers planned the Under Armour business down double-digits in 2017 and will continue to do so in 2018,” according to Susquehanna. • In October, CEO Kevin Plank said on a conference call that the company faces two main issues: A fast-changing U.S. market for sporting goods retailers and issues related to its growth since it went public in 2005.
Shares of Under Armour (UAA) are lower on Tuesday, following a downgrade from Susquehanna. Analyst Sam Poser and his team cut their rating on the stock to Negative from Neutral, while maintaining an $11 fair-value estimate. Poser argues that the stock's fundamentals haven't improved since its weak earnings in October, and that even with management "evolution", the brand will continue to weaken.
Shares of Under Armour Inc. sank 3.7% in premarket trade Tuesday, after the athletic gear and apparel maker was downgraded at Susquehanna Financial, which cited "poor" brand management, worsened ...
Shares of Under Armour skid after one Wall Street firm downgrades the company to negative.
Ahluwalia cut his rating on the stock to Sell from Hold, while maintaining his $11 price target, based on Under Armour's discounted cash flow. From his note: UAA stock has moved back to pre-Q3 earnings levels since we changed our previous rating to a hold from a sell.
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Under Armour (UAA) has been facing issues like sluggish North America business, deteriorating gross margin, higher interest expenses and most importantly decline in the bottom line.