$UAA

Figs (FIGS) reported Q2 revenue of $196.6M, up 28.8% YoY, beating estimates. Oxford Industries (OXM) reported $394.4M, down 2.2% YoY, missing EPS guidance. VF Corp (VFC) reported $1.67B, up 1.3% YoY, beating revenue estimates but missing EPS. Under Armour (UAA) reported $1.1B, down 3.2% YoY, missing revenue and full-year EPS guidance.

Baird downgraded Nike, adidas, Dick's Sporting Goods, Rocky Brands, and VF Corp to Neutral, adding bearish 'fresh picks' on Under Armour and Canada Goose. Analyst Jonathan Komp cited rising Q4 risks, including higher oil prices, interest rates, and consumer spending concerns. He noted that apparel stocks have underperformed the S&P 500 this year, and trimmed his Outperform list to high-conviction ideas.

Under Armour (UAA) shares rose 1.9% after Morgan Stanley resumed coverage with an Underweight rating and $4 price target, citing limited traction in turnaround efforts and premature recovery expectations. The stock traded at $5.08, down 37.7% from its 52-week high. Recent retail sector challenges and excess inventory have pressured athletic apparel stocks.

JPMorgan upgraded Meta (META) to Overweight with a $820 target, citing AI-driven growth. Wells Fargo upgraded Synopsys (SNPS) to Overweight with a $475 target, and Yum! Brands (YUM) to Overweight with a $175 target. StoneX upgraded Block (XYZ) to Buy with a $105 target. Freedom Broker upgraded Caterpillar (CAT) to Buy with a $980 target. Arete downgraded Uber (UBER) to Neutral with a $74 target. Evercore ISI downgraded Chewy (CHWY) to In Line with a $25 target. William Blair downgraded Cooper Co

Morgan Stanley resumed coverage of sportswear brands, citing industry challenges and naming On Holding (ONON) as its only Overweight-rated stock with a $39 price target. Nike (NKE), Under Armour (UAA), and Adidas (ADDYY) were rated Underweight and Equal-weight, respectively, with varying price targets and outlooks. The firm noted sector-wide headwinds including fragmentation, promotions, and weak consumer sentiment.

Under Armour (UAA) reduced its Asia Pacific revenue forecast for fiscal 2027, now expecting a low single-digit decline. Q1 revenue in the region fell 7% reported, 10% in constant currency. Global revenue dropped 3% to $1.1B. The company attributes the decline to softer consumer demand and reduced discounting. Gross margin rose 590 bps to 54.1%, partly due to tariff refunds. Full-year revenue is now expected to fall at a mid-single-digit rate.

Under Armour (UA) director Patrick Whitesell received 29,880.48 Class C shares as a restricted stock unit award on August 26, 2026, under the company’s Fiscal Year 2025 Non-Employee Director Compensation Plan. Following the grant, Whitesell holds 156,476.27 Class C shares, with no Class A Common Stock beneficially owned.

Under Armour (UA) director Smith Eugene Dubois received 29,880.48 Class C common stock RSUs on August 26, 2026, under the company's 2025 Non-Employee Director Compensation Plan. He now holds 90,929.16 Class C shares directly, with no Class A shares beneficially owned, according to a Form 4 filing.

A survey by the British Standards Institution found 25% of U.S. businesses plan to reduce product lines in the next six months due to rising freight costs, tariffs, and uncertain customer spending. Companies like Under Armour and Helen of Troy have already cut underperforming products. Some retailers, including Walmart and SharkNinja, are using tariff refunds to lower prices or offset costs.

Under Armour has released the D. Fox 3 'Gamer' sneaker, featuring a light blue, black, hot pink, and neon green colorway. The shoe includes gaming-themed details and will retail for $125 for men and $90 for grade school sizes, launching on September 4, 2026. The design incorporates Fox's logo and Under Armour branding.