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Under Armour Inc A UAA

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Morningstar’s Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

No-Moat Under Armour’s Strong Comeback Continued in Q2; Shares Overvalued

David Swartz Equity Analyst

Analyst Note

| David Swartz |

Boosted by the ongoing strength of the sportswear category, no-moat Under Armour’s streak of solid results continued in 2021's second quarter. We expect to raise our per share fair value estimate of $13.90 by a mid-single-digit percentage, but continue to view Under Armour’s shares, up about 5% on the report, as expensive.

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Company Profile

Business Description

Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America and other territories. Consumers of its apparel include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale and direct-to-consumer channels, including e-commerce and more than 400 total factory house and brand house stores. Under Armour also operates a digital fitness app called MapMyFitness. The Baltimore-based company was founded in 1996.

Contact
1020 Hull Street
Baltimore, MD, 21230
T +1 410 454-6428
Sector Consumer Cyclical
Industry Apparel Manufacturing
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 16,600

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