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UNDER ARMOUR INCUNDER ARMOUR INCUNDER ARMOUR INC

UNDER ARMOUR INC

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UAA trade ideas

Under Armour | UA | Long at $6.74Under Armour $NYSE:UA. Price may break my historical simple moving average area/lines and dip into the low $6s, but the convergence of price with these lines often means a future price increase. Fundamentally, the stock continues to surprise with earnings beat after earnings beat. While economic headwinds are likely ahead in the retail market, global exposure may ease the likely troubles. Starter position entered at $6.74. Targets $7.50 $8.00
NYSE:UALong
by WorthlessViews
Time to put the Armour on and fill the gap!Under Armour has recently completed filling the bullish gap, and now the stock is positioned to close the bearish gap at the $13.00 level. From a technical standpoint, the stock has shown resilience and is poised to find strong support at $7.07, which coincides with previous levels of interest, including the COVID-era lows. This region has historically acted as a solid base for recovery, making it a prime entry point for investors. In addition to this technical setup, Under Armour presents a compelling long-term growth opportunity. The company has been making strategic moves to optimize its operations and focus on higher-margin products, which could fuel margin expansion and profitability. The global activewear market continues to grow, and Under Armour is well-positioned to capture market share, particularly as it strengthens its digital presence and focuses on direct-to-consumer channels. As the company emerges stronger from post-pandemic disruptions, its current valuation provides an attractive entry for both short-term traders targeting the $13.00 level and long-term investors seeking value. With strong support near the $7.00 range and a clear technical path to $13.00, this makes Under Armour an enticing buy for those seeking both momentum and value. NYSE:UA
NYSE:UALong
by The_Trading_Mechanic
1
Under Armour Reports 38% Decrease in Net Income for Fiscal 2024Under Armour (NYSE: NYSE:UAA ), an athletic performance apparel brand, has reported a 38% decrease in net income for fiscal 2024 (FY 2024) from $374.45m in fiscal 2023 (FY 2023). The company's adjusted net income stood at $245m, and its diluted earnings per share also declined to $0.52, compared to $0.81 in fiscal 2023. For the year ending 31 March, Under Armour's ( NYSE:UAA ) revenue reached $5.7bn, marking a 3.4% decrease from $5.9bn a year earlier. Revenue in North America dropped by 8.3% to $3.5bn while international revenue rose by 8% to $2.2bn over the fiscal. The retailer's direct-to-consumer segment showed resilience, with a 3% increase in revenue to $2.3bn. This growth was attributed to a 5% rise in owned and operated store revenue and a 1% uptick in e-commerce revenue, which now represents 41% of the direct-to-consumer business. Under Armour's ( NYSE:UAA ) gross profit remained relatively stable at $2.63bn in FY 2024, compared to $2.64bn in the previous year. The company's gross margin improved by 130 basis points to 46.1%, largely due to supply chain efficiencies that reduced freight and product costs. Under Armour's ( NYSE:UAA ) board of directors has approved a restructuring plan to boost its financial and operational efficiencies, expected to cost the company between $70m and $90m. Under Armour ( NYSE:UAA ) president and CEO Kevin Plank said that despite a challenging retail environment in fiscal 2024, the company demonstrated disciplined expense control and delivered results that were aligned with its previous outlook. He also maintained a strong balance sheet, closing the year with a solid cash position and healthy inventory levels. Looking ahead to fiscal 2025, Under Armour ( NYSE:UAA ) anticipates operating income to be between $50m and $70m, with diluted earnings per share expected to range from $0.02 to $0.05. The past eight years for Under Armour ( NYSE:UAA ) have been a struggle that doesn't appear to be abating. The company announced a restructuring of its business as its North America sales in its most recent quarter tumbled 10%. Looking ahead, the company cast a dour forecast for its current fiscal year, expecting sales to drop 15% to 17%. Layoffs will be part of the effort to right the ship, but executives did not specify how many employees will lose their jobs. Under Armour ( NYSE:UAA ) also announced a $500 million share buyback, a move to reward shareholders. Plank told analysts during the earnings call on Thursday that he will shepherd a reset of the business that centers on selling fewer but more innovative products to meet the needs of athletes, significantly accelerating product development, refocusing on its men's apparel category, and reducing discounts of its products.
NYSE:UAALong
by DEXWireNews
UA still an amazing pick for 2024UA completed this bullish harmonic over 8 months ago. It hit our first tp of the trade set up before falling below the key level where we were stopped out. We do not have an open leveraged position on this asset but we are accumulating it at these levels as it has turned bullish again. The spring back above the key level and the backtest that has occurred indicate that it is ready to go. Above 6.5 it is bullish, we are creating bullish divergence also.
NYSE:UAALong
by SynergyTradingSetups