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Under Armour Inc - C Add to portfolio

INX:UA, Aug 24, 12:03 UTC

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Monday, August 19


News

Wealthstreet Investment Advisors LLC Decreases Stake in Under Armour Inc (NYSE:UA) – Tech Know Bits

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Wealthstreet Investment Advisors LLC reduced its position in shares of Under Armour Inc (NYSE:UA) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. GMT Capital Corp acquired a new position in Under Armour during the first quarter worth about $11,786,000. Following the completion of the sale, the insider now directly owns 196,374 shares of the company’s stock, valued at approximately $3,473,856.06. JPMorgan Chase & Co. upgraded Under Armour from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $29.00 in a report on Friday, May 17th.

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  • Financial

Tuesday, August 13


News

Great Valley Advisor Group Inc. Buys 753 Shares of Under Armour Inc (NYSE:UA) – Slater Sentinel

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Great Valley Advisor Group Inc. lifted its stake in Under Armour Inc (NYSE:UA) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. Whittier Trust Co. now owns 3,694 shares of the company’s stock worth $70,000 after purchasing an additional 3,122 shares during the last quarter. Finally, JPMorgan Chase & Co. upgraded shares of Under Armour from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $29.00 in a report on Friday, May 17th. Under Armour had a net margin of 1.62% and a return on equity of 7.83%. As a group, sell-side analysts expect that Under Armour Inc will post 0.35 earnings per share for the current year.

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Tuesday, August 06


News

Has Under Armour Figured Out a Turnaround Strategy?

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Under Armour (NYSE: UA) (NYSE: UAA) has seen its business suffer as the overall retail market has changed. That has forced the sporting apparel company to put more effort into selling directly to consumers. So far, that has been working as the company has grown that segment of its business while other parts of the company have struggled. I have an Under Armour outlet down the street from me and I shop there all the time. As I'm sure you can all tell by my physical condition, I am dedicated to the Under Armour. But that said, they're not as front-of-mind as, say, a Nike with as many people. So what they've been working on is growing their direct-to-consumer sales. And that's been working. That's about 35% of their business and that number was up. So, yeah, people are reacting badly to the overall revenue number -- basically even in terms of revenue, up 1%. But I think the reality is, the company has a plan, and it's executing pretty well on this plan.

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Sunday, August 04


News

Why Under Armour Keeps Tripping Over Its Own Shoelaces

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Athletic apparel specialist Under Armour (NYSE: UA) (NYSE: UAA) lost less money than it expected to in the second quarter, and that was the closest thing to good news in the report it published Tuesday morning. Now, what can't be denied is that the company's products are high quality, so in this segment from the MarketFoolery podcast, host Chris Hill and MFAM Funds CIO Bryan Hinmon take a run at explaining the reasons why Under Armour as a business is in such trouble. Maybe worst of all, and with the stock down about 13% this morning, I'm assuming this is the big driver of the drop, is that they lower guidance for the rest of the fiscal year in North America. It's actually worse than that because Under Armour changed how they did segment reporting a couple of quarters ago, so this is probably nine straight quarters, roughly. But it wasn't just North America.

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  • Business
  • Financial
  • Sports

Wednesday, July 31


News

The 4 Worst Numbers From Under Armour's Q2 Earnings

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Its revenue rose 1% annually (3% on a constant currency basis) to $1.19 billion, narrowly missing estimates by $7 million, but its net loss narrowed from $0.21 per share to $0.04 per share, beating estimates by a penny. In Piper Jaffray's latest "Taking Stock with Teens" survey, which polled 8,000 U.S. teens about their favorite brands, teens ranked Nike, VF Corp's Vans, and Adidas as their top three footwear brands. Under Armour expects the North American unit to post a "slight decline" in revenue for the full year, which indicates that it will continue to lose ground to Nike and Adidas. For comparison, Nike's North American revenues rose 7% annually (8% in constant currency terms) last quarter, while Adidas' North American revenue rose 11% (3% in constant currency terms). Its apparel revenue rose 5% in 2018 led by stronger sales of training apparel, and accounted for over two-thirds of its top line. But that enthusiasm clearly waned this year, as the company's apparel revenue rose just 1% annually in the first quarter and declined 1% to $740 million in the second quarter.

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News

Under Armour (A Shares) (UAA) Q2 2019 Earnings Call Transcript

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Within our transformation, in the same spirit of our reengineered go-to-market process, we are working diligently to advance the ecosystem of how we engage and inspire athletes across both physical and digital experiences. And with considerably more science added into the art, we're strengthening the foundation and understanding of our consumers to ensure return-driven, data-informed marketing, helping us unlock the full power of the Under Armour brand. Moving forward, it is about continuing to execute the play with patience and discipline, letting the structure, methods and tools we've architected drive greater capabilities across Under Armour strategically, operationally and culturally. And with that, I'll turn it over to Patrik, who, just a few weeks back, celebrated his two-year anniversary with us. Third is our go-to-market process, where five fewer months in our seasonal calendar, significantly less SKU styles and materials, better managed inventory, less airfreight and higher service levels have begun to show beneficial productivity across our business, especially in our gross margin. At the center of our channel approach is the emphasis on protecting our premium athletic brand positioning, whether wholesale, where we remain vigilant around who we partner with, or in our own direct-to-consumer business, we will continue to ensure that consumers get the most premium experience whenever and wherever they engage our brand. And finally, it's driving shareholder value. When all of this works in concert, margin expansion, cost efficiencies, return-focused investments and cash generation, we create optionality for ourselves, ensuring our ability to deliver sustainable, profitable growth to build long-term shareholder value.

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Tuesday, July 30


News

DNB Asset Management AS Sells 900 Shares of Under Armour Inc (NYSE:UAA) – Riverton Roll

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DNB Asset Management AS trimmed its holdings in shares of Under Armour Inc (NYSE:UAA) by 5.4% in the second quarter, according to its most recent filing with the SEC. The firm has a market cap of $12.37 billion, a PE ratio of 101.63, a PEG ratio of 2.87 and a beta of 0.47. Credit Suisse Group upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a research report on Tuesday, April 30th. Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America.

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Sunday, July 14


News

Under Armour (NYSE:UAA) Sets New 12-Month High at $27.56 – Riverton Roll

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The stock traded as high as $27.56 and last traded at $27.42, with a volume of 2267986 shares changing hands. Finally, Credit Suisse Group raised shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and set a $75.00 price target for the company in a research report on Tuesday, April 30th. The company’s revenue was up 1.6% compared to the same quarter last year. As a group, research analysts forecast that Under Armour Inc will post 0.35 EPS for the current year. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,979 shares of the company’s stock worth $232,000 after acquiring an additional 744 shares in the last quarter.

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News

Under Armour Inc (NYSE:UA) Given Average Rating of “Hold” by Brokerages – Riverton Roll

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Shares of Under Armour Inc (NYSE:UA) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $20.50. JPMorgan Chase & Co. upgraded Under Armour from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $23.00 to $29.00 in a research report on Friday, May 17th.

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Thursday, July 11


News

Under Armour Inc (NYSE:UA) Short Interest Update – Mayfield Recorder

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Under Armour Inc (NYSE:UA) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 8,900,000 shares, an increase of 14.5% from the April 15th total of 7,772,100 shares. 1,113,000 shares of the company traded hands, compared to its average volume of 2,228,179. Under Armour has a fifty-two week low of $15.05 and a fifty-two week high of $24.17. Vanguard Group Inc now owns 19,163,832 shares of the company’s stock worth $372,929,000 after buying an additional 192,829 shares during the period.

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