Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Under Armour Inc    UAA

News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Under Armour : Betamore to expand to Port Covington

share with twitter share with LinkedIn share with facebook
share via e-mail
12/09/2016 | 02:06am CET

Dec. 09--The Baltimore technology incubator Betamore plans to open a second location at the City Garage in Port Covington, as part of a broader push to increase education programming and workforce development efforts in the space.

Sagamore Ventures, the venture capital arm of Under Armour CEO Kevin Plank's private investment firm, has brought Betamore on to operate and manage programs in the building, said Betamore CEO Jen Meyer. The company announced the plans at its Christmas party Thursday.

Betamore, which started in 2012, is expected to move into its new 8,000-square-foot space in City Garage in mid-2017, according to a news release. The nonprofit's new location is expected to include about 60 new desks, private offices and two conference rooms.

Sagamore Development, Plank's real estate firm, reopened the former bus depot last year as a "startup hub." The building houses the Under Armour innovation unit known as the Lighthouse, companies that Plank has invested in that make products ranging from motorized skateboards to tote bags; and the Foundery makerspace.

It is one of the first buildings to open in Port Covington, where Sagamore Development plans a massive redevelopment next to a new Under Armour campus.

"Through this partnership we will lead the management and operations of Main Street at City Garage, activating the new space with the companies and educational opportunities Betamore is known for," Meyer said in a statement. "In our current Federal Hill location we are at maximum capacity with our educational offerings and need ways to expand our reach."

Betamore, which previously collaborated with Sagamore Ventures to host the Beta City tech event, will offer its current programs, including mentorship and coding classes, at the new location. The nonprofit also will work with the Foundery to develop classes tied to its manufacturing tools.

"We're going to be covering the full soup to nuts of what we would call a company's evolution," Meyer said.

Sagamore Development committed to job training initiatives as part of its bid to win public financing for infrastructure in Port Covington. A spokeswoman for Plank Industries said Betamore may be involved in some of those efforts as well.



(c)2016 The Baltimore Sun

Visit The Baltimore Sun at www.baltimoresun.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on UNDER ARMOUR INC
02:06a UNDER ARMOUR : Betamore to expand to Port Covington
12/08 LULULEMON ATHLETICA : Sports Bras Are Making Lululemon a Lot of Money
12/08 UNDER ARMOUR : To Ring The Opening Bell At The New York Stock Exchange; Honor Co..
12/07 MLB COMMISSIONER ON CNBC : We want to preserve Majestic jobs in Palmer Township
12/07 UNDER ARMOUR : To Ring The Opening Bell At The New York Stock Exchange
12/06 UNDER ARMOUR : CEO Kevin Plank touts Port Covington at real estate conference
12/06 UNDER ARMOUR : Brian Dozier knows the trade chatter surrounding him is unavoidab..
12/06 UNDER ARMOUR : CEO Kevin Plank touts Port Covington at real estate conference
12/05 UNDER ARMOUR : VF Majestic in "productive talks" with MLB to ensure Palmer facil..
12/05 UNDER ARMOUR : replaces Majestic as MLB jersey supplier in '20
More news
Sector news : Apparel & Accessories - NEC
12/08DJMARKET SNAPSHOT : Nasdaq Touches Intraday Record, But Stocks Struggle For Direct..
12/06DJPEAK ATHLEISURE : Lululemon's Toughest Task Yet -- Ahead of the Tape
11/29 TIFFANY : Jeweller Tiffany posts first sales rise in eight quarters
11/18 Gap to shut more stores as demand remains sluggish
11/16 Hugo Boss sees revival plan bearing fruit in 2018
More sector news : Apparel & Accessories - NEC
News from SeekingAlpha
12/08 UNDER ARMOUR : The Valuation Is Getting Better
12/08 Is Nike's Buy Window Closing?
12/08 Chinese court sides with Michael Jordan
12/07 China's highest court to rule on key MJ trademark case
Financials ($)
Sales 2016 4 930 M
EBIT 2016 447 M
Net income 2016 257 M
Debt 2016 588 M
Yield 2016 -
P/E ratio 2016 57,87
P/E ratio 2017 45,55
EV / Sales 2016 2,86x
EV / Sales 2017 2,36x
Capitalization 13 526 M
More Financials
Duration : Period :
Under Armour Inc Technical Analysis Chart | UAA | US9043111072 | 4-Traders
Full-screen chart
Technical analysis trends UNDER ARMOUR INC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 37,9 $
Spread / Average Target 15%
Consensus details
EPS Revisions
More Estimates Revisions
Kevin A. Plank Chairman & Chief Executive Officer
Lawrence P. Molloy Chief Financial Officer
Paul Fipps Chief Information Officer & EVP-Global Operations
Chip K. Adams Director
Douglas E. Coltharp Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
UNDER ARMOUR INC-18.27%13 526
LVMH18.08%95 032
H & M HENNES & MAURITZ..-11.92%43 330
CHRISTIAN DIOR21.40%37 700
VF CORP-8.31%23 615
THE SWATCH GROUP SA-11.02%17 485
More Results