Allspring Global Investments Holdings LLC Has $1.43 Million Stake in lululemon athletica inc. (NASDAQ:LULU)

Allspring Global Investments Holdings LLC lowered its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 20.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,109 shares of the apparel retailer's stock after selling 1,317 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in lululemon athletica were worth $1,429,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of lululemon athletica by 95.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after purchasing an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. boosted its position in lululemon athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after buying an additional 571,657 shares during the period. Geode Capital Management LLC boosted its position in lululemon athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after buying an additional 10,461 shares during the period. Capital World Investors boosted its position in lululemon athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after buying an additional 556,406 shares during the period. Finally, Schroder Investment Management Group boosted its position in lululemon athletica by 31.0% during the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after buying an additional 421,890 shares during the period. 85.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the sale, the chief executive officer directly owned 110,564 shares of the company's stock, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their target price on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Jefferies Financial Group cut their target price on shares of lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research report on Friday, June 6th. Wells Fargo & Company reiterated an "equal weight" rating on shares of lululemon athletica in a research report on Friday, June 6th. UBS Group dropped their price target on shares of lululemon athletica from $330.00 to $290.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. Finally, Robert W. Baird dropped their price target on shares of lululemon athletica from $350.00 to $340.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, lululemon athletica currently has an average rating of "Moderate Buy" and an average price target of $340.26.

lululemon athletica Stock Performance

Shares of NASDAQ:LULU opened at $237.57 on Tuesday. The company's 50-day moving average is $276.98 and its 200 day moving average is $320.51. The company has a market capitalization of $28.47 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 2.10 and a beta of 1.17. lululemon athletica inc. has a fifty-two week low of $219.97 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the firm earned $2.54 earnings per share. The company's revenue was up 7.3% compared to the same quarter last year. As a group, research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

lululemon athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.

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