Under Armour on Tuesday reported that first quarter revenue rose 6% (4% currency neutral) to $1.2 billion as sales overseas picked up steam, beating the $1.12 billion estimate by Thomson Reuters cited by CNBC. UAA has 11.09M volume or 62.75% up from normal. Excluding the impact of Under Armour's restructuring plan and other related charges tax effects, Under Armour just about broke even with profit of $1 million and no earnings per share.
Headquartered in, UAA recorded net revenue that rose 6% to $ 1.19 billion from $ 1.12 billion in the same quarter a year ago. Over the past five trading sessions it is 4.29%; 5.54% for the month; -0.1% for the last quarter; -5.18% for the past six-months; and -0.35% for the last 12 months.
Sales in the worldwide business soared by 19% on a constant currency basis, with a particularly robust performance in the Asia Pacific region. Several additional equities analysts have also published recent reports on UAA stock. The company rating was upgraded by Susquehanna on Tuesday, November 7. Finally, Zacks Investment Research downgraded shares of Under Armour from a "hold" rating to a "sell" rating in a research note on Wednesday, December 20th. Credit Suisse Group initiated coverage on Under Armour in a report on Monday, March 12th.
On 8/24/2016 Karl-Heinz Maurath, CRO, sold 54,632 with an average share price of $43.34 per share and the total transaction amounting to $2,367,750.88.
Shares of UAA stock opened at $17.85 on Wednesday. Today, this organization is sitting -23.15% away from its 52-week high price and 58.16% away from its 52-week low price. This company's ROA is now -1.20%.
A number of large investors have recently modified their holdings of the business. The latter represented 30% of the company's global revenue in the quarter, and has the potential to deliver further growth in the long run in my view. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Under Armour in the 4th quarter valued at $25,742,000. Vantage Investment Advisors LLC now owns 10,092 shares of the company's stock valued at $128,000 after purchasing an additional 7,124 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Under Armour by 3.1% in the 4th quarter.
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Under Armour posted a fourth quarter sales beat on a conservative guide but issued a less bad than feared outlook that has its share of risks. Lastly, a Neutral rating on shares of Under Armour, Inc. was Reiterated by Citigroup, which also set a $15 price target on the company's stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
In related news, insider Kerry D. Chandler sold 2,534 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th.
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth.