Under Armour's (UA, Financial) stock witnessed significant volatility with a sharp decline of 5.02%. The stock price fell to $7.86 per share, with a trading volume of 1.26 million shares and a turnover rate of 0.29%. The recent earnings report reveals operating revenue of $1.184 billion and a net loss of $305 million, translating to earnings per share of -$0.70. The gross profit stood at $559 million, and the price-to-earnings ratio was recorded at -39.35.
Analyst ratings show that among 26 institutions, 27% recommend buying, 58% suggest holding, and 15% advise selling Under Armour's shares. Within the apparel manufacturing industry, which declined by 1.07%, Under Armour faced notable challenges.
Other stocks in the sector, such as Zegna, Jerash Holdings, and Gildan Activewear, experienced gains. Stocks like Sihon International, VF Corporation, and Carter's were active, with turnover rates of 9.88%, 1.32%, and 1.27%, respectively. Stocks with significant amplitude include Kim Hyun Group, Sihon International, and Perfect Moment Ltd., with fluctuations of 16.24%, 13.40%, and 10.20%.
Under Armour operates in North America, Asia Pacific, Europe, and other regions, focusing on the development, marketing, and distribution of performance apparel, footwear, and accessories. The company caters to professional and amateur athletes, sponsored teams, and active individuals. Its sales channels include direct-to-consumer platforms, e-commerce, and over 400 factory and brand stores, alongside wholesale. Under Armour also manages a digital fitness app, MapMyFitness. Founded in 1996, the company is headquartered in Baltimore and led by its principal shareholder, Kevin Plank.
