Corebridge Financial Inc. Lowers Holdings in Under Armour, Inc. (NYSE:UAA)

Corebridge Financial Inc. lowered its holdings in Under Armour, Inc. (NYSE:UAA) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,655 shares of the company’s stock after selling 9,634 shares during the quarter. Corebridge Financial Inc.’s holdings in Under Armour were worth $1,769,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of UAA. Congress Wealth Management LLC DE raised its holdings in Under Armour by 61.7% in the 4th quarter. Congress Wealth Management LLC DE now owns 61,458 shares of the company’s stock valued at $509,000 after buying an additional 23,458 shares during the period. Vanguard Group Inc. raised its stake in shares of Under Armour by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,548,461 shares of the company’s stock valued at $128,741,000 after acquiring an additional 263,988 shares during the period. Stevens Capital Management LP purchased a new stake in shares of Under Armour in the 4th quarter valued at approximately $174,000. Fox Run Management L.L.C. lifted its holdings in shares of Under Armour by 215.1% in the 4th quarter. Fox Run Management L.L.C. now owns 68,596 shares of the company’s stock worth $568,000 after acquiring an additional 46,828 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Under Armour during the 4th quarter worth approximately $344,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UAA. Guggenheim restated a “neutral” rating on shares of Under Armour in a research note on Friday, February 7th. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 target price on shares of Under Armour in a research note on Thursday, February 6th. Argus downgraded Under Armour from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. UBS Group lowered their price objective on shares of Under Armour from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, Needham & Company LLC restated a “hold” rating on shares of Under Armour in a report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Under Armour has a consensus rating of “Hold” and a consensus target price of $9.06.

Under Armour Stock Up 3.9 %

Shares of NYSE:UAA opened at $6.60 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The firm has a 50 day simple moving average of $7.18 and a 200-day simple moving average of $8.28. The company has a market capitalization of $2.84 billion, a PE ratio of -22.76 and a beta of 1.63. Under Armour, Inc. has a twelve month low of $6.10 and a twelve month high of $11.89.

Under Armour (NYSE:UAA) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the prior year, the firm earned $0.19 earnings per share. On average, equities analysts predict that Under Armour, Inc. will post 0.3 EPS for the current fiscal year.

Under Armour Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.