Under Armour Inc Ordinary Shares Class C UA Stock Price Today, Quote, Latest Discussions, Interactive Chart and News

The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. We view Under Armour as lacking a moat, given its failure to build a competitive advantage over other athletic apparel firms. Between 2008 and 2016, the firm’s North American sales increased to $4 billion from $700 million and it passed narrow-moat Adidas as the region’s second-largest athletic apparel brand (after wide-moat Nike). However, Under Armour’s North America sales are little changed over the past seven years as it has been challenged by major competitors like wide-moat Nike and new entrants alike. When it comes to which share class new investors should buy, there are differing opinions.

It’s true that Class A shares carry one vote, but if this article does anything it hopefully hammered home the fact that those votes are essentially meaningless. “These shares represent a majority of votes and render the voting rights of the A shares moot,” says Paul Bolster, a professor of finance at the D’Amore-McKim School of Business at Northeastern University in Boston. For tax purposes, the cost basis was re-allocated roughly evenly between the two shares, meaning shareholders couldn’t sell UA for a 50 percent loss and take a tax write-off (nice thinking, though). Adding more confusion to the situation, the two tickers just changed again in early December. When it comes to which class of stock investors should buy, there are differing opinions.

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Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. When you think about it that way, UAA shares — Class A stock, with one vote per share — is a moot point; no one can ever acquire enough to become a majority stakeholder unless Plank voluntarily cedes his controlling stake. For additional information regarding our Class C nonvoting common stock, please refer to IRS Forms & Stock Documents on this page. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

This leading sportswear brand deserves to sell at a higher valuation. Despite a relatively strong quarter, the sportswear brand is not out of the woods yet. Our Board of Directors has created corporate guidelines to provide structure to how we operate and conduct business. Our Board of Directors, corporate guidelines and structure to how we operate and conduct business.

The 37 rating InvestorsObserver gives to Under Armour Inc Class C (UA) stock puts it near the bottom of the Apparel Manufacturing industry. In addition to scoring higher than 27 percent of stocks in the Apparel Manufacturing industry, UA’s 37 overall rating means the stock scores better than 37 percent of all stocks. Like the rest of the world, we are shocked and saddened by Russia’s unprovoked attack on Ukraine. We are partnering with humanitarian groups to provide what is needed for those displaced and have also stopped all shipments into our sales channels in Russia. We are proud to stand with Ukraine against Russia’s attack on their democracy and will do what we can as a global company where standing for equality matters.

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Plank’s massive ownership stake translates to an ability to cast about 65% of all votes, giving him total control. Adding more confusion, another ticker change occurred just eight months later. The two classes of Under Armour stock now trade under the ticker symbols UA and UAA. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.

• When you think about it that way, UAA shares — Class A stock, with one vote per share — is a moot point; no one can ever acquire enough to become a majority stakeholder unless Plank voluntarily cedes his controlling stake.
• For tax purposes, the cost basis was re-allocated roughly evenly between the two shares, meaning shareholders couldn’t sell UA for a 50% loss and take a tax write-off (nice thinking, though).
• Another small difference between UA stock and UAA stock results from this discrepancy in voting power.
• Because Class A shares actually allow shareholders to vote on governance issues, UAA stock will typically trade at a premium to UA stock, which doesn’t have voting rights.
• It’s true that Class A shares carry one vote, but if this article does anything it hopefully hammered home the fact that those votes are essentially meaningless.
• They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.

But if you’d rather have some checks and balances in place, this isn’t so great for corporate governance. Granted, Plank has proven an excellent steward of shareholder value over the years, but there’s never a guarantee that will continue. “This seems like a very high premium to pay for a vote that has little to no value,” Bolster says.

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In addition, the company provides accessories, which include gloves, bags, headwear, and sports masks; and digital subscription, advertising, and other digital business services. It primarily offers its products under the UNDER ARMOUR, HEATGEAR, COLDGEAR, HOVR, UA, PROTECT THIS HOUSE, I WILL, UA Logo, ARMOUR FLEECE, and ARMOUR BRA brands. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. Under Armour, Inc. was incorporated in 1996 and is headquartered in Baltimore, Maryland. The Under Armour stock split of 2016, and subsequent ticker change.

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• We are proud to stand with Ukraine against Russia’s attack on their democracy and will do what we can as a global company where standing for equality matters.
• Between 2008 and 2016, the firm’s North American sales increased to $4 billion from $700 million and it passed narrow-moat Adidas as the region’s second-largest athletic apparel brand (after wide-moat Nike).
• Dividend yield allows investors, particularly those interested in dividend-paying stocks,
  to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
• A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. These companies are setting themselves up for long-term growth in one of the toughest sectors to compete in today. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. We’d like to share more about how we work and what drives our day-to-day business. Compare
UA’s historical performance
against its industry peers and the overall market.

Annual Stockholder Meeting

It’s true that Class A shares carry one vote, but those votes are essentially meaningless. Ticker-wise, shareholders all got one share of UA.C for each share of UA they owned, and the UA stock price fell by roughly 50% due to the effective doubling of the number of Under Armour shares on the market. “The intended purpose of the dual-class shares is to separate the control from the ownership of the company,” says K C Ma, professor of finance at Stetson University. “The dual-class share structure is an obvious defense for takeover bids, hostile or not, from inside or not.” After all, both Class A and Class C shares had already been trading publicly for months, under their old symbols UA and UA.C., respectively. But when they changed to UAA and UA, the company gave no stated reason for the change.

Before you go ringing your broker or calling your congressman, it should be said that Kevin Plank is no corporate tyrant. He is hardly alone in his decision to consolidate voting power; Alphabet ( GOOG, GOOGL), Facebook ( FB) and even Berkshire Hathaway ( BRK/A, BRK/B) all have similar dual-share structures. A cynic, however, might say the ticker change was done to encourage more people to buy the UA nonvoting shares, at least at first. Founders and other insiders often use dual-class share structures to allow a small circle of early employees to exert effective control by owning smaller numbers of shares.

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He is hardly alone in his decision to consolidate voting power; Alphabet, Facebook ( FB) and even Berkshire Hathaway ( BRK/A, BRK/B) have similar dual-share structures. When you consider shares in other companies that play this sort of game, even a 10% premium is rather large. Google parent Alphabet ( GOOG, GOOGL), for example, currently sees Class A shares trading virtually equally with Class C, nonvoting shares. More bad news on consumer spending is weighing on athletic apparel stocks.

UAA stock, formerly trading under the symbol UA, stands for Class A shares, which confer one vote per share to the owner. UA stock, formerly trading under the UA.C symbol, stands for Class C shares, which garner no voting rights. High-growth stocks tend to https://1investing.in/ represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.

Quarterly Results

Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

It’s understandable why Plank would want to issue two publicly traded classes of stock. One good question, however, is why the company decided to change its ticker symbol after the Class C shares were already issued. Another small difference between UA stock and UAA stock results from this discrepancy in voting power. Because funds from operation Class A shares actually allow shareholders to vote on governance issues, UAA stock will typically trade at a premium to UA stock, which doesn’t have voting rights. Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and other regions.