|Bid||14.470 x 1400|
|Ask||14.480 x 1400|
|Day's range||13.910 - 14.505|
|52-week range||11.400 - 29.640|
|PE ratio (TTM)||44.50|
|Forward dividend & yield||N/A (N/A)|
|1y target est||13.75|
Earnings season is kicking into high gear. One strategist gives his picks for which could cause waves when they report in the coming weeks.
During the same period of time, Company employees were purchasing stock in the Under Armour, Inc. Employee Stock Purchase Plan (the “ESPP”). SS&B is investigating whether Under Armour’s registration statement filed with the Securities and Exchange Commission that allowed the ESPP to purchase Under Armour stock violated Section 11 of the Securities Act of 1933 by omitting material facts and otherwise containing inaccurate, misleading and untrue statements of fact pertaining to, among other things, Under Armour’s prospects. If you participated in Under Armour’s ESPP during the Class Period, your rights may be affected. If you purchased or acquired Under Armour stock in the ESPP during the Class Period, and you wish to discuss this your rights or have any questions concerning this notice or your rights or interests, please contact Michael Klein, Esq.
Under Armour (UAA) stock fell 50.0% during 2017, making it among the worst-performing stocks in the S&P 500 Index for the year. In comparison, competitors Nike (NKE), Lululemon Athletica (LULU), and Columbia Sportswear (COLM) closed the year with gains exceeding 20.0%. Under Armour (UAA) started 2018 on a positive note and surged more than 10.0% in the first three trading days of the new year.
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?
FRANKFURT/LONDON (Reuters) - Gucci-owner Kering (PRTP.PA) plans to spin off German sports brand Puma (PUMG.DE) to the French conglomerate's shareholders to focus squarely on its luxury brands. Kering said on Thursday it planned to distribute 70 percent of Puma shares to its investors, leaving it with only a 16 percent stake, confirming an exclusive Reuters report. Puma shares were down 4.4 percent at the close as some investors worried about the company losing a powerful backer.
As we discussed already in this three-part series, Lululemon Athletica (LULU) recorded strong holiday sales recently, which prompted the company to raise guidance on January 8. Sportswear peers Nike (NKE) and Columbia Sportswear (COLM) also recorded solid gains in 2017. Lululemon’s price target was lifted by Stifel and Suntrust Robinson after the company raised guidance for the upcoming quarter.
Under Armour, faced with falling sales and a tumbling stock, could be heading down the path of struggling sportswear brand Reebok.
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.
Among the companies with shares expected to trade actively in Tuesday's session are Target, Facebook, Amazon.com, Under Armour and Express Inc.
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.