Sales during the quarter climbed 12 percent to $1.3 billion, driven by a 5 percent increase in sales to retail store customers and a 23 percent jump in sales through the brand's websites and branded stores.
Other equities analysts have also issued reports about the stock.
The biggest institutional shareholders in Under Armour, Inc. include Vanguard Group Inc which owns 17 million shares in the company valued at $562.20 million. The current share price indicates that stock is -39.65% away from its one year high and is moving 2.30% ahead of its one year low. Plank also said the company had expected lost market share from the liquidations a year ago would be absorbed by other channels, but "pricing came down in the points of distribution that we serve".
Under Armour (NYSE:UA) has a 50 day moving average of 25.92 and a 200 day moving average of 30.78. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 2.63 on scale of 1-5. The company had revenue of $1308.00 million for the quarter, compared to analysts expectations of $1409.12 million.
Under Armour Inc (NYSE:UA) shares are breaching the 3-year lows after announcing disappointing fourth-quarter results, extremely weak guidance, elevated inventory, and resignation of the CFO Chip Molloy. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour, Inc. with MarketBeat.com's FREE daily email newsletter. Finally, Nomura set a $27.00 target price on shares of Under Armour and gave the company a "hold" rating in a report on Monday, January 23rd. If you are reading this article on another site, it was illegally copied and reposted in violation of US and global copyright & trademark laws. At Raymond James, shares were moved to underperform from market perform, with analysts writing in a note that the "growth story is coming to an end". Baillie Gifford & Co. increased its position in shares of Under Armour by 211.1% in the second quarter. The market capitalization of the company is at $5.52 Billion. Mik Capital LLC acquired a new stake in UNDER ARMOUR-C during the third quarter worth $45,813,000.
ILLEGAL ACTIVITY NOTICE: "Forward View Reiterates Hold Rating for Under Armour, Inc". The Stock opened its session at $25.56 and closed at $25.09 by showing decrease of -1.68 percent.
Under Armour, Inc.is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth.