Forecast Of The Day: Under Armour Wholesale Apparel Revenues
What?
Under Armour (NYSE:UA) Wholesale Apparel Revenues declined from around $2.4 billion in 2019 to about $2 billion in 2020. Trefis expects the metric to rise to around $2.6 billion in 2021 and to around $2.66 billion in 2022.
Why?
- What’s Next For Under Armour Stock?
- Down 20% This Year, Will Under Armour’s Stock Recover Following Q4 Results?
- Down 25% This Year Will Under Armour Stock Rebound After Its Q2?
- Under Armour Stock Down 24% This Year, What’s Next?
- Under Armour Stock Up 28% Over Last Month, What’s Next?
- What To Watch For In Under Armour’s Stock Post Q1?
While the decline in 2020 was due to the impact of the Covid-19 pandemic, we expect longer-term growth to be driven by the introduction of new and innovative products and the company’s international expansion.
So What?
We think Under Armour stock is undervalued at current levels. We value UA stock at about $21 per share, about 25% ahead of the current market price.
See Our Complete Analysis For Under Armour
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| Returns | Jan 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| UA Return | -10% | -10% | -35% |
| S&P 500 Return | -3% | -3% | 106% |
| Trefis MS Portfolio Return | -9% | -9% | 256% |
[1] Month-to-date and year-to-date as of 1/19/2022
[2] Cumulative total returns since the end of 2016