Under Armour stock price target raised to $27 from $20 at Stifel Nicolaus
Under Armour stock price target raised to $27 from $20 at Stifel Nicolaus
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Under Armour stock price target raised to $27 from $20 at Stifel Nicolaus
Under Armour Inc. is adding a fresh look to the Curry 5 lineup this week, a signal of the excitement surrounding the latest iteration of the sneakers bearing the name of the popular NBA player, Steph Curry. Under Armour introduced the Curry 5 on Pi Day, March 14, priced at $130. Just 314 pairs were available initially, though the shoes were restocked in April, according to Sole Collector. Now the site reports that Curry has been wearing a "Welcome Home" version of the shoe, with the first sighting at Curry's comeback game earlier this month. That shoe will be released on Friday, also priced at $130. The Curry 5 was sold out on the Under Armour website as of Wednesday afternoon. Previous versions of the shoe were notwell received. Steph Curry and his team, the Golden State Warriors, are currently in pursuit of the league championship. Under Armour shares have jumped 7.5% in Wednesday trading, and are up 40.6% for the year so far. The S&P 500 index is up 2% for 2018 to date.
Under Armour Inc. shares rose 2.8% in Tuesday premarket trading after the athletic company reported first-quarter earnings and revenue that beat expectations. Under Armour had a net loss of $30.2 million, or 7 cents per share, after a loss of $2.3 million, or 1 cent per share, for the same period last year. EPS was breakeven on an adjusted basis. Revenue totaled $1.19 billion, up from $1.12 billion last year. The FactSet consensus was for a 5-cent loss and revenue of $1.12 billion. Restructuring and impairment charges for the quarter were $37 million. The company announced a 2018 restructuring plan on February 13. Under Armour maintained its guidance for full-year revenue up at a low single-digit rate, reflecting a mid-single-digit decline in North America and more than 25% growth internationally. Under Armour shares are up 23.1% for 2018 so far while the S&P 500 index is down 1% for the period.
Under Armour shares up 3.4% premarket
Under Armour still sees full-year adj. EPS 14 cents to 19 cents
Under Armour backs full-year guidance of revenue up at low single digit percentage rate
Under Armour Q1 FactSet consensus loss per share 5 cents; revenue $1.1 bln
Under Armour Inc. pulled its ads from Alphabet Inc.-owned YouTube after the apparel company's ads appeared on a white nationalist channel, according to a CNN report late Thursday. Under Armour is one of several brands such as Netflix Inc. , Facebook Inc. , amd Amazon.com Inc. that CNN reported appeared on channels that promote extremist content. This is not the first time ads from household-name brands have appeared on channels with such content, but it has not yet impacted the company's bottom line. Alphabet's YouTube unit recently announced a series of changes aimed at curbing the problem, including restricting which channels are able to run ads and thus make money. Alphabet class A stock is up a fraction in the extended session after closing up 1.3% to $1,089 during regular trading. Alphabet class A stock has gained 3.4% this year, as the benchmark S&P 500 index rose 1.3%.
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Nike (NKE) is in the first year of its eight-year, roughly $1 billion jersey deal with the NBA. So as the NBA Finals begin Thursday night, let's take a look at Nike stock to see if investors might want to consider buying a piece of the world's largest sportswear company.
Under Armour (UAA) reported earnings 30 days ago. What's next for the stock ? We take a look at earnings estimates for some clues.
Shares of Under Armour (UAA) surged 3.58% on Wednesday to hit $21.40 per share, continuing the sportswear company's impressive run. With that said, let's dive into Under Armour's recent stock price movement to see just how well its stock has performed.
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The NBA Finals begin Thursday night, with two of the league's biggest stars, LeBron James and Steph Curry, set to face off for the NBA title. But while many will look at how the Cleveland Cavaliers and Golden State Warriors played up to this point, it's also a great time to check out how some of the NBA's biggest sponsors performed during the season.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research. On this week's episode, Ben Rains discusses the NFL's new national anthem policy and breaks down everything investors and sports fans need to know about e-commerce power Fanatics after the company's new NFL and Nike (NKE) deal.
The NBA Finals tip off Thursday night, pitting LeBron James and the Cleveland Cavaliers against Steph Curry and the Golden State Warriors for the fourth straight season. The speculation and predictions have already begun, but let's leave the guessing to the NBA experts and look instead at the NBA's rapidly growing business.
Under Armour Inc Stock Is on Firm Footing for a Rally — Lace Up
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Under Armour, Inc. engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth. It operates through the following segments: North America, EMEA, Asia-Pacific, Latin America, and Connected Fitness. The North America segment comprises of U.S. and Canada. The Connected Fitness segment offers digital fitness subscriptions, along with digital advertising through its MapMyFitness, MyFitnessPal and Endomondo. applications. The company was founded by Kevin A. Plank in 1996 and is headquartered in Baltimore, MD. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
China Dongxiang Group Co. Ltd. | $1.12B | |
Columbia Sportswear Co. | $6.22B | |
Guess? Inc. | $1.61B | |
Skechers USA Inc. Cl A | $4.71B | |
Nike Inc. Cl B | $117.27B |