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Under Armour (UA) Stock Falls After Announcing COO Departure

NEW YORK (TheStreet) -- Shares of Under Armour (UA - Get Report) finished the day down by 1.98% to $101.30 on Tuesday, after the apparel company announced that COO Brad Dickerson will be leaving next year.

Dickerson, who also serves as the company's chief financial officer, will stay on with the company until February, ending a nearly 12 year tenure with Under Armour.

"During his time at Under Armour, Brad has played an integral role in providing value for the company by building a strong team and demonstrating a core competency of accelerating growth, taking the company from pre-IPO to a multi-billion dollar global business," CEO Kevin Plank said in a statement.

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Under Armour is experiencing one of its most profitable periods since the Baltimore-based company went public in 2005.

Under Armour shares have risen 52% year to date.

Separately, TheStreet Ratings team rates UNDER ARMOUR INC as a Buy with a ratings score of B-. TheStreet Ratings Team...


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