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Wednesday, January 19, 2022

Under Armour Inc. (UA) is Waving the Bull Flag

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Many stocks have been testing new highs in 2020, and one of the most notable is Under Armour Inc. (UA). Currently, UA is trading at $10.22 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $13.50.

To add more color to this target, the company’s high over the last year is $24.55 and the low is $6.37. Over the last 52 weeks, UA is down -58.37% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, UA reported a profit of $430.98 million. Under Armour Inc. also saw revenues increase to $930.24 million. In addition, UA has free cash flow of -$398.21 million as of 03-2020 The company’s EBITDA came in at -$509.55 million which compares well with its peers.

About Under Armour Inc.

If readers are unfamiliar, Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot and cold. It also provides various footwear products for running, basketball, cleated sports, training, and outdoor. In addition, the company offers accessories, which include gloves, bags, and headwear; and digital fitness subscriptions, as well as digital advertising through MapMyFitness, MyFitnessPal, and Endomondo platforms. It primarily offers its products under the HEATGEAR, COLDGEAR, RUSH or RECOVER, UA Logo, UNDER ARMOUR, UA, ARMOUR, PROTECT THIS HOUSE, I WILL, ARMOURBOX, ARMOUR BRA, and ARMOUR FLEECE, as well as MyFitnessPal, MapMyFitness, and UNDER ARMOUR CONNECTED FITNESS brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through a network of 388 brand and factory house stores, as well as through e-commerce websites. Under Armour, Inc. was founded in 1996 and is headquartered in Baltimore, Maryland.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. UA has a short ratio of 1.54 and outstanding shares of 451.83M.

Company Outlook

UA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 12.33 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.25. Under Armour Inc. UA also noted assets of $4.84 billion at the end of the last quarter. Investors should also keep an eye on sector updates as UA has historically followed its peers on positive news.

All told, Under Armour Inc. UA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, UA represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Under Armour Inc. UA is now commanding a market cap of 4.62B and a float of 355.68M. UA is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of UA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in UA, either long or short, and we have not been compensated for this article.

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