Buying Under Armour Stock Is a Viable Option as the Company Could Do Well in 2022

 


Original Content: Business Upside

Under Armour, a Baltimore-based company incorporated in 1996, is one of the leading marketers, designers, and distributors of athletic apparel, footwear, and accessories for a wide variety of fitness and sports activities in the US and worldwide. Besides sporting goods, the company also offers lifestyle products. The company sells its goods through chains of retailers nationally and across the regions and even uses the outlets of smaller specialty retailers who operate independently. In addition, the company uses the network of brand and factory house stores to sell its merchandise while utilizing the opportunities of online selling through its website and catalogs. The company’s net sales in 2020 came from apparel (68%), footwear (22%), and accessories (10%). Under Armour (UAA) stocks have been consistently receiving Zacks ‘Buy’ rating for some time, which might make you consider buying under Armour stock.

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