HBI - The Bottom Fishing Club: Under Armour Left For Dead Founder Again CEO
2024-06-16 10:02:39 ET
Summary
- Under Armour's stock peaked in 2015 above $50. It's now trading at all-time low valuations with price below $7.
- Founder Kevin Plank returns as CEO to lead a restructuring effort focusing on premium brand image and reduced discounting to outside retailers.
- The stock valuation may be one of the cheapest in its peer clothing/shoe segment of major retailers/manufacturers.
- Large cash holdings, free cash flow generation, and limited debt levels at low interest expense for years are other positives to consider.
Under Armour, Inc. ( UAA ) ( UA ) saw its stock quote peak above $50 in 2015, following its IPO in November 2005. Rapid growth in its synthetic-fiber sports apparel and shoe business targeting serious athletes helped to transform this equity into a top "growth" name after a decade of public trading.
YCharts - Under Armour (Class A), Stock Price Changes, Since November 2005 IPO