What is the financial situation of Under Armour?

What is the financial situation of Under Armour?
In 2021, revenue was up 27 percent to $5.7 billion, gross margin improved 210 basis points to 50.3 percent, our operating income reached $486 million, diluted earnings per share was $0.77, and we ended the year with $1.7 billion in cash. Each of these achievements is a record for Under Armour.

Is Under Armour not doing well?
Under Armour Inc. sank the most in five years after an earnings report revealed it’s struggling with supply-chain issues and pandemic-related shutdowns in China. Revenue is projected to rise 5% to 7% in the fiscal year ending in March, the company said Friday in a statement.

Is Under Armour financially healthy?
Under Armour Inc. reported strong financials for the most recent quarter, surpassing Wall Street expectations as the company’s footwear sales saw a big jump. The Baltimore sportswear maker reported revenue of $1.58 billion for the fiscal third quarter ending Dec. 31, up 3% from the same period a year ago.

What’s wrong with Under Armour stock?
Under Armour is producing record sales, but the company had an inventory level ending 2022 of only $1.2 billion. Under Armour had higher inventories back in 2019 when sales were lower. The stock is hitting new lows on fears following commentary the promotional environment is expected to continue into 2023.

Who is Under Armour biggest competitors?
Under Armour’s competitors and similar companies include VF Corporation, Nike, adidas, Reebok, PUMA, DICK’S Sporting Goods, Delta Apparel, Oxford Industries, New Balance and ASICS.

Why do people prefer Nike over Under Armour?
Nike releases large varieties of unique designs, providing several options for buyers to pick from. It uses this method to get as many sales as possible as its assortments are mouthwatering. For Under Armour, its designs on every release are usually limited.

Who owns majority of Under Armour?
We note that hedge funds don’t have a meaningful investment in Under Armour. From our data, we infer that the largest shareholder is Kevin Plank (who also holds the title of Top Key Executive) with 15% of shares outstanding.

Is Under Armour owned by China?
Under Armour, Inc. is an American sportswear company that manufactures footwear and apparel. Under Armour’s global headquarters are located in Baltimore, Maryland.

Who is the target market for Under Armour?
Who is Under Armour’s Target Market? The Under Armour target market is mostly in the young adult to middle age segment, and includes both males and females.

How valuable is Under Armour?
Interactive chart of historical net worth (market cap) for Under Armour (UA) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Under Armour net worth as of March 27, 2023 is $3.5B.

Why is Under Armour declining?
Under Armour stock fell after the management raised concerns about a challenging year ahead and spooked investors with high inventory levels. The seller of apparel, footwear, and accessories said inventory jumped by 50% in the third quarter compared with a year ago.

Is Under Armour profitable?
“Moving forward, I’m excited to partner with Stephanie Linnartz to advance our strategic consumer and product refinements further – leveraging Under Armour’s strong brand to drive sustainable, profitable growth.” Revenue was up 3 percent to $1.6 billion (up 7 percent currency neutral) compared to the prior year.

What is the future outlook for Under Armour?
Stock Price Forecast The 18 analysts offering 12-month price forecasts for Under Armour Inc have a median target of 12.95, with a high estimate of 15.00 and a low estimate of 10.00. The median estimate represents a +55.65% increase from the last price of 8.32.

Is Nike more successful than Under Armour?
Nike’s brand is ranked #7 in the list of Global Top 100 Brands, as rated by customers of Nike. Their current market cap is $222.95B. Under Armour’s brand is ranked #231 in the list of Global Top 1000 Brands, as rated by customers of Under Armour.

Is Under Armour losing market share?
While the broader market lost about 19% in the twelve months, Under Armour shareholders did even worse, losing 61%. However, it could simply be that the share price has been impacted by broader market jitters.

Is Under Armour a good brand to invest in?
Zacks’ proprietary data indicates that Under Armour, Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the UAA shares relative to the market in the next few months.

What is Under Armour disadvantage?
Under Armour Weaknesses High Investment Expenditure – Under Armour has taken a risk with its high investment expenditure in the past three years. In the last two years, it spent about $847, 477,000 and $153, 312,000 respectively. Its restructuring plan for 2017 has added to the spending with more expenses to follow.

Is Under Armour growing?
The brand in Q3 recorded 3% revenue growth, reaching $1.6 billion, according to a company press release. Wholesale revenue (about 53% of Under Armour’s net sales) was up 7%, while direct-to-consumer sales fell 1% thanks to owned store declines. Inventory was up 50% in the quarter, reaching $1.2 billion.

Why is Under Armour so expensive now?
Under Armor have an excellent marketing model. They are quite good and making sure their branding is seen everywhere, just like Nike, Adidas etc. It’s all about the level of exposure to the public. The more exposure they get, the higher the price for their products they can demand.

Why doesn t Under Armour pay dividends?
In its recently filed annual report with the Securities and Exchange Commission, the Baltimore sportswear maker said it anticipates putting future earnings right back into business operations. “As a result, we do not anticipate paying any cash dividends in the foreseeable future,” the company said in the filing.

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