Yousif Capital Management LLC Reduces Stake in Under Armour by 3.7% in Q1
August 9, 2023
🌥️Trending News
Under Armour ($NYSE:UAA), Inc. is a leading innovator in the sports apparel and footwear industry, offering a broad range of products for athletes around the world. The company has a strong presence across various sports and has become a leader in the industry. Recently, Yousif Capital Management LLC reported in their filing with the Securities and Exchange Commission that they have reduced their stake in Under Armour stock by 3.7% in the 1st quarter. This marks a notable shift in ownership for the company, which had previously held a larger percentage of the company’s stock.
It is unclear why Yousif Capital Management LLC has reduced their ownership of Under Armour stock, but it could be an indication of volatility in the stock market or a shift in investor sentiment. Whatever the reason, this news has caused significant attention to be drawn to Under Armour as investors attempt to gauge the impact of the shift. Going forward, it will be important to monitor how other investors adjust their ownership of Under Armour stock in response to this news.
Analysis
As a financial analysis firm, GoodWhale recently took a deep dive into the financials of UNDER ARMOUR. Our Star Chart analysis placed UNDER ARMOUR as strong in profitability, medium in asset, growth and weak in dividend. This classification as an ‘elephant’ company, or a company that is rich in assets after deducting off liabilities, provides an overall picture of UNDER ARMOUR’s financial health. For investors interested in UNDER ARMOUR, we found that the company has a high health score of 7/10 considering its cashflows and debt, suggesting that the company is capable to safely ride out any crisis without the risk of bankruptcy. As such, this could be an attractive company for investors with a longer-term orientation, as well as those seeking to diversify their portfolios across multiple financial instruments. Overall, our analysis of UNDER ARMOUR suggests that it is an attractive investment opportunity for many types of investors. Its strong profitability and asset management, as well as its overall financial health, make it a potentially attractive choice for investors looking to diversify their portfolios. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Under Armour. More…
| Total Revenues | Net Income | Net Margin |
| 5.9k | 386.77 | 6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Under Armour. More…
| Operations | Investing | Financing |
| -9.91 | -152.8 | -126.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Under Armour. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.86k | 2.86k | 3.75 |
Key Ratios Snapshot
Some of the financial key ratios for Under Armour are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.7% | 5.7% | 4.8% |
| FCF Margin | ROE | ROA |
| -3.3% | 10.3% | 3.7% |
Peers
Under Armour, Inc. is an American company that manufactures footwear, sports, and casual apparel. Founded in 1996 by Kevin Plank, a former University of Maryland football player, Under Armour is the second-largest sportswear manufacturer in the United States. UA’s competitors include Nike, Lululemon Athletica, and Capri Holdings.
– Nike Inc ($NYSE:NKE)
Nike Inc is a publicly traded company with a market capitalization of 137.7 billion as of 2022. The company has a return on equity of 25.1%. Nike is a designer, manufacturer, and marketer of athletic footwear, apparel, equipment, and accessories. The company’s products are sold in over 190 countries worldwide. Nike has endorsement deals with some of the world’s most popular athletes, including LeBron James, Cristiano Ronaldo, and Tiger Woods.
– Lululemon Athletica Inc ($NASDAQ:LULU)
Lululemon Athletica Inc. is a Canadian athletic apparel retailer. The company was founded in 1998 by Chip Wilson and is headquartered in Vancouver, British Columbia. Lululemon Athletica Inc. designs, manufactures and markets athletic apparel and accessories for women, men and girls. The company’s product line includes pants, shorts, tops, jackets, hoodies, and accessories such as bags, socks, and headwear. Lululemon Athletica Inc. also operates a website and provides online shopping services. As of 2022, the company’s market cap is $37.96 billion and its ROE is 34.51%.
– Capri Holdings Ltd ($NYSE:CPRI)
Capri Holdings Ltd is a fashion company with a market cap of 5.96B as of 2022. The company has a Return on Equity of 25.1%. Capri Holdings Ltd is a luxury fashion company that owns and operates a portfolio of iconic fashion brands, including Michael Kors, Versace, and Jimmy Choo. The company’s brands are available in more than 100 countries through a network of company-operated stores, licensed stores, and e-commerce sites.
Summary
Under Armour, Inc. is a global apparel and accessories company. Its stock has been trending downward recently, prompting investors to take a closer look at the company’s performance. This indicates that investors may be concerned about the company’s outlook going forward.
Analysts suggest that investors should consider changes in consumer spending preferences, new product offerings, foreign exchange rate fluctuations, and other factors when evaluating Under Armour stock. They also emphasize the importance of researching the company’s competitive landscape before making decisions.
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