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Under Armour Inc Add to portfolio

INX:UAA, Feb 28, 10:54 UTC

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Friday, February 14


News

Can Under Armour Turn Around Its North American Business?

UAA UA

The main drag on sales is still the North American market, where the company is headquartered and where it's taken a beating over the past few years. In late 2019, the company announced a new CEO, and in early 2020 it rolled out a broad, new marketing strategy. But Under Armour isn't where it wants to be just yet, as improved results are taking longer than anticipated to take root. Analysts have criticized the company for not getting on board with the athleisure trends currently benefitting Nike(NYSE: NKE) and lululemon athletica (NASDAQ: LULU), but Under Armour is taking a firm and principled stance against that. Under Armour is expected to have "a mid- to high single-digit decline in North America and low double-digit growth in our international business," and for the first quarter 2020, it's expecting to see revenue decrease 13% to 15%, partially due to declines in China created by the novel coronavirus outbreak.

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Thursday, February 13


News

4 Harsh Lessons from Under Armour’s Post-Earnings Meltdown

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Under Armour's (NYSE: UA)(NYSE: UAA) stock recently plummeted after the footwear and athletic apparel maker reported its fourth-quarter numbers. On the bottom line, Under Armour reported a net loss of $15 million, compared to a profit of $4 million a year earlier, mainly due to $62 million in tax expenses and impairment charges. But on a non-GAAP basis, which excludes those one-time expenses, its earnings grew by a penny to $0.10 per share and met analysts' expectations. Yet UA's guidance for 2020 was bleak. It expects its revenue to decline by the low single digits, with a "mid to high-single-digit decline" in its North American revenue and a $50-$60 million hit to its first-quarter sales from the novel coronavirus outbreak in China. That ended a five-quarter streak of revenue declines in UA's largest market, but its dim outlook for 2020 suggests that growth was temporary.

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Tuesday, February 11


News

Why Under Armour Stock Fell Today

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Shares of Under Armour(NYSE: UA)(NYSE: UAA) were down 16.1% as of 1:30 p.m. EST Tuesday, after the performance athletic apparel and footwear company announced mixed fourth-quarter 2019 results and disappointing forward guidance. So what. That translated to a net loss under generally accepted accounting principles (GAAP) of $15 million, or $0.03 per share. However, adjusted for one-time tax items and an impairment charge related to its equity investment in its Japan licensee, Under Armour would have delivered earnings of $0.10 per share -- roughly in line with consensus estimates. "Under Armour is an operationally better company following our transformation over the past few years, with a clearly defined and focused strategy, enhanced go-to-market process, cleaner inventories and a stronger balance sheet," said CEO Patrik Frisk in a press release. Under Armour added that its outlook includes a negative impact of roughly $50 million to $60 million from the coronavirus outbreak in China, though it still anticipates low-double-digit growth from its international business overall this year. North American sales, however, are expected to fall in the high-single-digit range, "as work continues to rebalance the business against market demand dynamics and pro-active strategies to better protect the company's premium brand positioning."

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News

Dow Jones News: FTC Targets Apple and Microsoft; Nike Weak After Under Armour Results

NKE UAA +3 more NKE UAA UA MSFT AAPL

Apple, Microsoft, Amazon, Alphabet, and Facebook will be required to provide information about past acquisitions not reported to the antitrust agencies under the Hart-Scott-Rodino Act. "This initiative will enable the Commission to take a closer look at acquisitions in this important sector, and also to evaluate whether the federal agencies are getting adequate notice of transactions that might harm competition. This will help us continue to keep tech markets open and competitive, for the benefit of consumers," said FTC Chairman Joe Simons. Depending on how long those stores remain closed, and how demand rebounds after the stores are reopened, Nike could feel a negative impact for multiple quarters. While Under Armour is certainly dealing with its own set of issues unrelated to the outbreak, the company's weak guidance isn't good news for Nike. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Facebook, Microsoft, Nike, and Under Armour (A Shares) and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft.

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News

Under Armour says the coronavirus outbreak will hurt sales

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Under Armour says the coronavirus outbreak will hurt sales CNN February 11, 2020. Under Armour posted a surprise loss during the holidays and said sales could take a hit from the coronavirus outbreak in China. The coronavirus outbreak in China will cause Under Armour to lose up to $60 million worth of sales this quarter, and the company warned those sales losses could get worse later in the year. Nike, Adidas and Capri Holdings, which owns Versace, Jimmy Choo and Michael Kors, are among the companies last week that warned investors that sales could take a hit as the virus spreads across China.

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Tuesday, January 21


News

Some Under Armour fitness devices lose their smarts on March 31st

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People who bought some of Under Armour's fitness devices are learning a hard lesson about the fragility of connected tech. Ars Technica has learned that the athletic wear company is winding down support for its scale, wristband and heart monitor by not only pulling the cornerstone Record mobile app (done on New Year's Eve), but halting all bug fixes and customer support. Needless to say, that's a big problem if you dropped significant money on even one of UA's 2016-era devices, let alone $400 for the HealthBox bundle that included the three gadgets in one kit. The company has encouraged users to export data to MapMyFitness if they still rely on Record to track their workouts. However, that app also misses out on a large chunk of Record stats, including step counts, sleep tracking, weight and resting heart rate.

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Monday, January 06


News

Why Under Armour Stock Sank 7% Today

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The S&P 500 index eked out a small win on the first trading day of the week -- but Under Armour (NYSE: UAA)(NYSE: UA) shareholders weren't so lucky. By close of trading, "A" shares of the sportswear maker's stock dropped nearly 7% in early trading, closing the day down 6.5%, while "C" shares of the stock did only a little bit better, falling 5.5% initially before closing the day down 4.7%. On Monday, J.P. Morgan resumed coverage of Under Armour stock at a level lower than its last-reported opinion -- in essence, downgrading Under Armour from "overweight" to "neutral." The good news? Even with this lower-than-expected growth for Under Armour, J.P. Morgan thinks its shares are worth about $23.

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Thursday, December 26


News

Hedge Fund Darlings vs. Under Armour Inc (UA) In 2019

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This is especially valuable when it comes to small-cap stocks, which is where they generate their strongest outperformance, as their resources give them a huge edge when it comes to studying these stocks compared to the average investor, which is why we intently follow their activity in the small-cap space. Our calculations also showed that UA isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video at the end of this article for Q2 rankings). So, why do we pay attention to hedge fund sentiment before making any investment decisions? Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Due to the fact that Under Armour Inc (NYSE:UA) has faced declining sentiment from hedge fund managers, it's easy to see that there is a sect of hedge funds that decided to sell off their entire stakes heading into Q4.

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Saturday, December 07


News

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Under Armour, Inc. - UA; UAA

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NEW YORK, Dec. 07, 2019 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Under Armour, Inc. (“Under Armour” or the “Company”) (NYSE: UA; UAA). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. On this news, Under Armour’s Class A common stock price fell $4.00 per share, or 18.92%, to close at $17.14 per share, while Under Armour’s Class C common stock price fell $3.47 per share, or 18.35%, to close at $15.44 per share on November 4, 2019. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct.

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Friday, December 06


News

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Under Armour (UA, UAA) Investors with Significant Losses to Contact Its Attorneys, Reminds Investors of Application Deadline

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SAN FRANCISCO, Dec. 06, 2019 (GLOBE NEWSWIRE) -- Hagens Berman urges Under Armour, Inc. (NYSE: UA, UAA) investors who have suffered losses in excess of $100,000 to submit their losses now to learn if they qualify to recover compensable damages. Class Period: Aug. 3, 2016 – Nov. 1, 2019Lead Plaintiff Deadline: Jan. 6, 2020Sign Up:www.hbsslaw.com/investor-fraud/UAContact An Attorney Now:UA@hbsslaw.com 844-916-0895. The complaint alleges that Defendants misled investors by engaging in fraudulent accounting. On Nov. 14, 2019, The Wall Street Journal reported (1) former Under Armour executives “said they scrambled to meet aggressive sales targets, borrowing business from future quarters to mask slowing demand in 2016,” (2) the company “frequently leaned on retailers to take products early and redirected goods intended for its factory stores to off-price chains to book sales in the final days of a quarter,” and (3) Federal investigators “are examining emails that show Under Armour’s founder and chief executive, Kevin Plank, knew about efforts to move revenue between quarters, according to a person familiar with the matter.”. If you invested in Under Armour between Aug. 3, 2016 and Nov. 1, 2019 (the “Class Period”) and suffered significant losses, you may qualify to be a lead plaintiff – one who selects and oversees the attorneys prosecuting the case.

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