|Bid||8.93 x 1400|
|Ask||8.94 x 1800|
|Day's range||8.84 - 9.57|
|52-week range||6.37 - 19.65|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||25 Apr 2018 - 30 Apr 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||13.50|
One analyst sees upside of nearly 40%, even after sharp quarterly declines and a pair of SEC notices recently delivered to two executives.
Ladies and gentlemen, thank you for standing by, and welcome to the Under Armour second-quarter earnings call. Thank you, and good morning to everyone joining us for Under Armour's second-quarter 2020 earnings call. The information being made available on today's call includes forward-looking statements that reflect Under Armour's view of its current business as of July 31, 2020, as well as considerations for future events that may impact our business moving forward.
(Bloomberg) -- Under Armour Inc. managed to reach more customers than expected last quarter, even with most of its stores closed -- but the road ahead is looking bumpy.The athletic-goods maker’s second-half revenue is likely to fall 20% to 25%, with its recently improved gross margin coming under new pressure, executives warned on a call with analysts Friday. The volatile stock soared in premarket trading after second-quarter revenue beat estimates, but it gave up the gains after the open, falling as much as 7.3% to $10.61 in New York.The company expects pressure on its gross margin in the second half of the year, and might not have enough inventory if sales recover faster than expected, executives said on the call.That would be a comedown from a second quarter in which Under Armour’s gross margin rose to 49.3% from 46.5% a year earlier. The company cited fewer off-price sales and more direct-to-consumer transactions as homebound shoppers ordered online.Second-quarter revenue fell 41% from a year earlier to $707.6 million, but that handily topped the highest estimate of $596 million, according to a Bloomberg survey of analysts.The company responded to the Covid-19 slowdown by “amplifying Under Armour’s connection with our consumers through innovative digital activations” and “proactively managing our cost structure,” Chief Executive Officer Patrik Frisk said in a statement.The Baltimore-based company didn’t address the notices that founder Kevin Plank and Chief Financial Officer David Bergman received from the U.S. Securities and Exchange Commission last week, naming the two in a probe of the company’s accounting.For more details on the earnings, click here for our TOPLive blog.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
On Friday morning Under Armour (NYSE: UA) (NYSE: UAA) revealed operating results for the second quarter, which captured the deepest impact on the retailing business from COVID-19 shutdowns. Sales dove 41% as most of its athletic apparel stores were closed to customers for much of the period, the company said.
Under Armour (UAA) delivered earnings and revenue surprises of 22.50% and 30.57%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
The list of retailers saying they will close this Thanksgiving is piling up.
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Under Armour, Inc.
When Lululemon (NASDAQ: LULU) announced it was acquiring Mirror, the virtual workout start-up, some investors might have been reminded of Under Armour's (NYSE: UAA) (NYSE: UA) attempt to expand into the connected fitness space. Given Under Armour's recent struggles, it's difficult to remember that the company used to report massive revenue growth. The company seemed to be a perfect fit to integrate fitness apps, data collection, and fitness gear -- but its fortunes faded as management invested time and resources into a business it didn't seem to understand.
(Bloomberg) -- Under Armour Inc. founder Kevin Plank has maintained control over the sportswear company even after stepping down as chief executive officer -- but a federal accounting investigation could loosen his grip.The brash executive remained the chairman and largest shareholder even after relinquishing the CEO role in January after 23 years. Last October, Plank told Bloomberg TV that he would remain heavily involved in the business.But Under Armour “no longer has to live and die by a single person,” said Simeon Siegel, an analyst at BMO Capital Markets. “I think at the end of the day, in every race there is a time to pass the baton.”Plank and Chief Financial Officer David Bergman received notices that the U.S. Securities and Exchange Commission is likely to allege violations of federal law, Under Armour said Monday in a regulatory filing. The disclosure follows last November’s announcement that the company had been under federal investigation for more than two years.The investigation relates to how Under Armour disclosed its sales in late 2015 and 2016. Former executives told the Wall Street Journal last November that the company borrowed sales from future quarters to mask slowing demand. Under Armour has maintained that it did nothing wrong.A former football player at the University of Maryland, Plank embraced the role of a scrappy underdog against multinational rivals Nike Inc. and Adidas AG. Throughout his tenure as CEO, he has been unapologetically outspoken, especially when talking about his competitors. He used to send Nike’s Phil Knight holiday cards as a warning that Under Armour was coming for the Swoosh.Slowing SalesBut Under Armour has lost much of its swagger -- even before the global pandemic upended the retail and apparel industries. Sales have stagnated over the past four years and the company is undergoing a multiyear restructuring plan under current CEO Patrik Frisk.Under Armour shares rose as much as 2.3% on Monday in New York trading, erasing an earlier decline. The stock had slumped almost 50% this year through Friday.Plank’s degree of involvement with Under Armour operations may hinge on whether the SEC can prove wrongdoing occurred. He hasn’t shown any interest in fully relinquishing the reins and likely won’t step back if he can fend off any charges, said Poonam Goyal, an analyst at Bloomberg Intelligence.“He built the company,” Goyal said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duties by management of Under Armour, Inc. (NYSE: UA, UAA) resulting from allegations that management may have issued materially misleading business information to the investing public.
(Bloomberg) -- Under Armour Inc. said a pair of top executives, including founder Kevin Plank, has been named in a federal probe of the company’s accounting, sending shares of the athleticwear maker down.Plank and Chief Financial Officer David Bergman received Wells Notices informing them that the U.S. Securities and Exchange Commission is likely to “allege certain violations of the federal securities laws,” Under Armour said Monday in a regulatory filing. Under Armour also received a notice informing it that the agency may file an enforcement action against the company.The disclosure expands upon comments from the company in November, when it revealed that it had been under federal investigation for more than two years. The situation has roiled the Baltimore-based company as it has grappled with lackluster sales amid the coronavirus pandemic and a CEO change, with Plank handing the reins to Patrik Frisk earlier this year.Under Armour and the executives “maintain that their actions were appropriate,” according to the latest filing. They intend to respond to the Wells Notices and “engage in a dialogue” with the SEC to resolve the matter.The Wells Notices, which the SEC uses to inform investigation subjects that it intends to bring enforcement actions against them, relate to sales that were allegedly pulled forward during a period from the third quarter of 2015 through the end of 2016, Under Armour said. The SEC is “focused on the company’s disclosures regarding the use of pull-forward sales in order to meet sales objectives,” but it is not alleging revenue recognition violations, the company said.Under Armour fell 1.3% to $10.77 a share at 9:34 a.m. Monday in New York. The shares slumped 49% this year through Friday.(Updates with share trading in final paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Under Armour (UAA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Amid the pandemic, with theaters closed, ballet dancer Misty Copeland has focused on social activism, and says the recent racial justice protests are a moment she's never seen in her career.
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Under Armour (UAA) has been taking every step to address challenges related to coronavirus. However, revenues and margins are likely to remain under pressure.
This past weekend, athletic apparel company Under Armour (NYSE: UA) (NYSE: UAA) informed collegiate sports powerhouse UCLA that it wanted out the 15-year, $280 million sponsorship deal it signed in 2016. Under Armour didn't specify if the "extended period of time" in question was solely due to coronavirus-related cancellations or if it had more to do with UCLA's somewhat diminished reputation of late as a sports powerhouse. It wouldn't be naive of investors to wonder, however, if the proposed end to the largest collegiate athletics sponsorship deal on record actually points to a much bigger fiscal problem for the company.
In this episode of MarketFoolery, Chris Hill chats with the Fool's Maria Gallagher about the latest headlines from Wall Street. They've got some news from social media and talk about two partnerships in the athletic and fashion apparel industry and much more.