Under Armour posts surprise profit on higher margins, leaner inventory
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Under Armour, Inc. (UAA) PT Raised to $9 at BofA Securities
August 9, 2024 6:07 AM EDTBofA Securities analyst Lorraine Hutchinson raised the price target on Under Armour, Inc. (NYSE: UAA) to $9.00 (from $8.00) while maintaining a Neutral rating.
The analyst comments "We remain Neutral; we see a balanced risk/reward as improving results in 1Q are tempered... More
Under Armour, Inc. (UAA) PT Raised to $8 at Telsey
August 9, 2024 5:08 AM EDTTelsey analyst Cristina Fernandez raised the price target on Under Armour, Inc. (NYSE: UAA) to $8.00 (from $7.00) while maintaining a Market Perform rating.
The analyst comments "TAG View: Under Armour struck an encouraging tone about its strategic pivots, namely in terms of reorienting marketing and the product portfolio toward premium brand perception and... More
Williams Trading Upgrades Under Armour, Inc. (UAA) to Buy
August 8, 2024 12:06 PM EDTWilliams Trading analyst Sam Poser upgraded Under Armour, Inc. (NYSE: UAA) from Hold to Buy with a price target of $10.00.
The analyst comments "Upgrading UAA from Hold to Buy, raising estimates, and raising PT from $6 to $10. The 1Q24 beat, a more patient Kevin Plank than history would have led us to believe was possible, the hiring 26-year Adidas (ADS/BER-NR) veteran, Eric Liedtke as EVP of brand strategy, the plan to reduce sku count by 25%, and the plan reduce promotional activity and elevate the Under Armour brand in a measured manner are all... More
Under Armour stock soars 17% as earnings beat expectations
August 8, 2024 9:56 AM EDTUnder Armour (NYSE: UA) (NYSE: UAA) saw its stock surge 17.2% after the athletic apparel maker reported better-than-expected first-quarter fiscal 2025 results and raised part of its full-year outlook, signaling progress in its restructuring efforts.
The company posted adjusted earnings per share of $0.01, beating analyst estimates of a $0.08 loss. Revenue came in at $1.2 billion, surpassing the consensus forecast... More
