Under Armour, Inc. (NYSE:UAA) is a renowned sportswear company that competes with industry giants like Nike and Adidas through its innovative athletic apparel, footwear, and accessories. Recently, Citigroup's Paul Lejuez set a price target of $5.50 for UAA, while the stock was trading at $5.18, suggesting a potential upside of 6.18%.
Under Armour's first-quarter fiscal 2026 results revealed a revenue decline of 4% year over year to $1.13 billion, falling short of Wall Street's expectation of $1.154 billion. Despite this, the company exceeded its internal forecasts. The GAAP net loss was reported at $3 million, or 1 cent per diluted share, but adjusted net income improved to $9 million, or 2 cents per share, an increase from 1 cent a year earlier.
CEO Kevin Plank expressed optimism about the brand's strength and strategic execution. However, the outlook for the second quarter of fiscal 2026 appears less promising, with anticipated revenue ranging between $1.055 billion and $1.066 billion, significantly below the $1.374 billion analyst consensus. Adjusted diluted earnings per share are expected to be between 1 and 2 cents, in stark contrast to the 28 cents consensus.
In terms of regional performance, Under Armour expects a low double-digit revenue decline in North America, high single-digit growth in EMEA, and a low-teens decline in Asia-Pacific. Following these announcements, Under Armour shares experienced a 4.1% drop, trading at $5.22. The stock is currently valued at $5.16, marking a 5.15% decrease today, with a trading volume of 15.25 million shares.
Over the past year, Under Armour's stock has fluctuated between a high of $11.89 and a low of $4.78, with a current market capitalization of approximately $2.15 billion. Today's trading saw a low of $5.14 and a high of $5.63, highlighting the stock's volatility amid the company's financial challenges and broader market conditions.
