Under Armour (UAA) has a market cap of $12.2 billion. It fell 2.6% to close at $29.35 per share on January 18, 2017. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -4.4%, -5.3%, and 1.0%, respectively, on the same day.
UAA is trading 2.1% below its 20-day moving average, 4.7% below its 50-day moving average, and 21.4% below its 200-day moving average.
Related ETF and peers
The Schwab US Broad Market ETF (SCHB) invests 0.05% of its holdings in Under Armour. The YTD price movement of SCHB was 1.5% on January 18.
The market caps of Under Armour’s competitors are as follows:
- Nike (NKE) — $87.3 billion
- Skechers USA (SKX) — $4.0 billion
- Columbia Sportswear (COLM) — $3.8 billion
Latest news on Under Armour
Lance Allega has been appointed as Under Armour’s (UAA) vice president of investor relations, effective January 23, 2017.
The company reported, “In his role, Mr. Allega will be responsible for communicating Under Armour’s growth strategy, financial performance, operating model, key business metrics and plans for building long-term shareholder value to investors, analysts and other external audiences.”
Performance of Under Armour in 3Q16
Under Armour (UAA) reported 3Q16 net revenues of $1.5 billion, a YoY (year-over-year) rise of 22.2%, compared to $1.2 billion in 3Q15. The company’s gross profit margin and operating margin fell 130 basis points and 70 basis points, respectively, in 3Q16 YoY.
UAA’s gross profit margin fell due to the impact of an unfavorable foreign exchange, an increase in promotions, and the timing of liquidation, partially offset by the margin improvement in product costs.
Its net income, EPS (earnings per share) of Class A and Class B, and EPS of Class C common stock rose to $128.2 million, $0.29, and $0.29, respectively, in 3Q16. Those figures compare to $100.5 million, $0.23, and $0.23, respectively, in 3Q15.
Under Armour’s cash and cash equivalents and inventories rose 12.9% and 11.9%, respectively, in 3Q16 YoY.
Under Armour (UAA) made the following projections for fiscal 2016:
- net revenues: ~$4.9 billion
- operating income: $440 million–$445 million
- interest expense: ~$30 million
In the final part of this series, we’ll look at Church & Dwight Company (CHD).