This Analyst is Bearish on These 5 Retail Stocks Amid ‘Soft Landing’ Expectations

2. Under Armour, Inc. (NYSE:UA)

Number of Hedge Fund Holders: 47

Under Armour, Inc. (NYSE:UA) is a Baltimore, Maryland-based casual apparel, footwear, and sports equipment company.

The analyst at Stifel reiterated a Hold rating on Under Armour, Inc. (NYSE:UA) stock but lowered the target price from $13 to $10. There is a concern related to the volatility of the management, which could cause Under Armour, Inc. (NYSE:UA) to lag behind competitors in terms of revenue growth and EBIT margins. There is an expectation that Under Armour, Inc.’s (NYSE:UA) inventory position could worsen in the future compared to Q1 2022.

At the end of Q1 2022, 47 hedge funds held a stake in Under Armour, Inc. (NYSE:UA), down from 53 in the preceding quarter.