Curated Wealth Partners LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,886 shares of the apparel retailer's stock, valued at approximately $817,000.
A number of other large investors have also recently added to or reduced their stakes in LULU. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $26,000. Anderson Financial Strategies LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at about $30,000. Kestra Investment Management LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth about $32,000. Finally, Asset Planning Inc acquired a new stake in Lululemon Athletica during the fourth quarter worth about $33,000. 85.20% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
LULU has been the subject of several recent research reports. Jefferies Financial Group lowered their target price on Lululemon Athletica from $220.00 to $200.00 and set an "underperform" rating for the company in a report on Friday, June 6th. BMO Capital Markets reduced their price objective on Lululemon Athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a research report on Friday, June 6th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $385.00 target price on shares of Lululemon Athletica in a research report on Monday, June 2nd. The Goldman Sachs Group cut their target price on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, Evercore ISI boosted their target price on shares of Lululemon Athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $340.26.
Check Out Our Latest Report on Lululemon Athletica
Lululemon Athletica Stock Performance
Lululemon Athletica stock traded down $6.22 on Wednesday, reaching $252.28. The company's stock had a trading volume of 4,448,322 shares, compared to its average volume of 2,200,904. The business's fifty day moving average price is $285.51 and its 200 day moving average price is $337.29. The company has a market cap of $30.43 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.22 and a beta of 1.26. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting analysts' consensus estimates of $2.60. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.54 EPS. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.
Lululemon Athletica Company Profile
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Free Report)
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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