Bremer Bank National Association Purchases 1,895 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Bremer Bank National Association boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 13.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,375 shares of the apparel retailer's stock after purchasing an additional 1,895 shares during the period. Bremer Bank National Association's holdings in Lululemon Athletica were worth $4,635,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LULU. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at $26,000. Anderson Financial Strategies LLC acquired a new position in Lululemon Athletica during the 4th quarter valued at about $30,000. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica in the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Finally, Asset Planning Inc bought a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $33,000. Institutional investors own 85.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on LULU. Morgan Stanley lowered their target price on shares of Lululemon Athletica from $373.00 to $346.00 and set an "overweight" rating for the company in a report on Wednesday, May 28th. KeyCorp dropped their price objective on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Friday, March 28th. BTIG Research cut their target price on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Truist Financial decreased their target price on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, UBS Group cut their price target on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $367.10.

Lululemon Athletica Price Performance

Shares of LULU traded up $0.28 during mid-day trading on Wednesday, hitting $335.19. 2,289,625 shares of the company's stock were exchanged, compared to its average volume of 2,165,763. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The company has a market cap of $40.44 billion, a PE ratio of 24.20, a P/E/G ratio of 2.22 and a beta of 1.26. The company has a 50-day simple moving average of $284.42 and a 200 day simple moving average of $338.00.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the firm earned $5.29 earnings per share. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts anticipate 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.