The Latest Breaking News from Under Armour Inc

The sports apparel sector is expected to witness considerable long-term growth thanks to robust demand and rapidly evolving consumer choices. Given this backdrop, fundamentally sound sports apparel stocks NIKE (NKE), Lululemon (LULU), and Under Armour (UAA) could be solid watchlist additions. Read on.

With health and fitness on the rise, the sportswear market is booming. Moreover, the ongoing Paris 2024 Olympics is further boosting interest, and Nike (NKE), adidas (ADDYY), and Under Armour (UAA) are leading the charge with a new era of high-performance and stylish activewear. Thus, keeping these stocks on your…

Under Armour Inc (NYSE:UAA) (NYSE:UA) reported sales growth of 3% year-on-year to $1.30 billion for its transition quarter ended March 31, 2022, missing the consensus of $1.32 billion. As announced earlier, following a three-month transition period (January 1 – March 31, 2022), Under Armour's FY23 will run from April 1, 2022, through March…

Trading house Itochu has agreed to acquire a majority stake in Under Armour Inc’s (NYSE:UAA) Japanese distributor, Dome, Nikkei Asia reported. Itochu is expected to own about 70% of Dome after completing the transactions, leaving Under Armour with a 30% stake. The report noted that Itochu and Under Armour are expected to manage the business…

Under Armour Inc (NYSE:UAA) reported fourth-quarter FY21 sales growth of 9% year-on-year, to $1.53 billion, beating the analyst consensus of $1.47 billion. Wholesale revenue increased 16% Y/Y to $768 million, and direct-to-consumer revenue rose 10% to $720 million. Apparel revenue grew 18% Y/Y, Footwear climbed 17%, while Accessories revenue decreased 27%. Adjusted EPS…

BMO Capital analyst Simeon Siegel upgraded Under Armour Inc (NYSE:UAA) to Outperform from Market Perform with a price target of $25, up from $23, implying a 32.56% upside. Simeon believes the recent selloff discounts Under Armour's pandemic transformation by re-focusing on profits over growth for growth's sake. With recent industry updates and "increasingly challenging compares"…