Under Armour Inc. (UA): Today's Featured Consumer Goods Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Consumer Goods sector higher today making it today's featured consumer goods winner. The sector as a whole closed the day up 0.6%. By the end of trading, Under Armour rose $7.55 (12.2%) to $69.38 on heavy volume. Throughout the day, 5,766,791 shares of Under Armour exchanged hands as compared to its average daily volume of 1,204,900 shares. The stock ranged in a price between $65.35-$69.55 after having opened the day at $65.38 as compared to the previous trading day's close of $61.83. Other companies within the Consumer Goods sector that increased today were:
(
), up 9.8%,
Northern Technologies International
(
), up 8.6%,
(
), up 8.1% and
(
), up 7.0%.
Under Armour, Inc. engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, the Middle East, Africa, Asia, and Latin America. Under Armour has a market cap of $5.2 billion and is part of the consumer non-durables industry. Shares are up 27.6% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Under Armour a buy, 2 analysts rate it a sell, and 13 rate it a hold.
TheStreet Ratings rates
Under Armour
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Under Armour Ratings Report.
On the negative front,
(
), down 20.2%,
(
), down 8.2%,
(
), down 7.0% and
(
), down 5.5% , were all laggards within the consumer goods sector with
(
) being today's consumer goods sector laggard.
- Use our consumer goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider
iShares Dow Jones US Cons Goods
(
) while those bearish on the consumer goods sector could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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