The Latest Breaking News from Under Armour Inc

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Given the ongoing market uncertainties owing to the planned rate hikes to control the multi-decade high inflation and rising odds of a recession, it could be wise to avoid Under Armour (UAA), Winnebago Industries (WGO), Thor Industries (THO), The Bank of New York Mellon (BK) and Wipro (WIT), which analysts…

Under Armour Inc (NYSE:UAA) reported fourth-quarter FY21 sales growth of 9% year-on-year, to $1.53 billion, beating the analyst consensus of $1.47 billion. Wholesale revenue increased 16% Y/Y to $768 million, and direct-to-consumer revenue rose 10% to $720 million. Apparel revenue grew 18% Y/Y, Footwear climbed 17%, while Accessories revenue decreased 27%. Adjusted EPS…

BMO Capital analyst Simeon Siegel upgraded Under Armour Inc (NYSE:UAA) to Outperform from Market Perform with a price target of $25, up from $23, implying a 32.56% upside. Simeon believes the recent selloff discounts Under Armour's pandemic transformation by re-focusing on profits over growth for growth's sake. With recent industry updates and "increasingly challenging compares"…