Barlow Wealth Partners Inc. Has $7.60 Million Position in lululemon athletica inc. (NASDAQ:LULU)

Barlow Wealth Partners Inc. cut its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 10.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,376 shares of the apparel retailer's stock after selling 3,243 shares during the quarter. Barlow Wealth Partners Inc.'s holdings in lululemon athletica were worth $7,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LULU. Price T Rowe Associates Inc. MD grew its position in 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 worth $1,854,160,000 after purchasing an additional 2,371,079 shares during the last quarter. Mawer Investment Management Ltd. acquired a new stake in lululemon athletica in the 4th quarter worth $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in lululemon athletica in the 4th quarter worth $370,062,000. Alliancebernstein L.P. grew its position in lululemon athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after purchasing an additional 571,657 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in lululemon athletica by 37,062.1% in the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after purchasing an additional 561,491 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on LULU. Wells Fargo & Company restated an "equal weight" rating on shares of lululemon athletica in a research report on Friday, June 6th. Jefferies Financial Group reduced their price objective on shares of lululemon athletica from $220.00 to $200.00 and set an "underperform" rating for the company in a report on Friday, June 6th. Needham & Company LLC reduced their price objective on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a report on Friday, June 6th. Truist Financial reduced their price objective on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating for the company in a report on Friday, June 6th. Finally, Barclays reduced their price objective on shares of lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating for the company in a report on Monday, June 9th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $340.26.

lululemon athletica Stock Performance

Shares of NASDAQ LULU traded up $1.41 during trading on Friday, reaching $247.71. The company had a trading volume of 1,646,311 shares, compared to its average volume of 2,327,668. lululemon athletica inc. has a 52 week low of $219.97 and a 52 week high of $423.32. The business's 50 day moving average price is $277.60 and its 200-day moving average price is $322.21. The stock has a market cap of $29.69 billion, a PE ratio of 16.78, a PEG ratio of 2.10 and a beta of 1.17.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter in the previous year, the company earned $2.54 EPS. lululemon athletica's revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Activity at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the transaction, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by corporate insiders.

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.