Czech National Bank Purchases 1,243 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Czech National Bank grew its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,734 shares of the apparel retailer's stock after acquiring an additional 1,243 shares during the quarter. Czech National Bank's holdings in Lululemon Athletica were worth $7,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LULU. Brighton Jones LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth $429,000. Blue Trust Inc. lifted its stake in shares of Lululemon Athletica by 10.3% in the fourth quarter. Blue Trust Inc. now owns 759 shares of the apparel retailer's stock valued at $290,000 after buying an additional 71 shares during the period. Caprock Group LLC lifted its stake in shares of Lululemon Athletica by 44.0% in the fourth quarter. Caprock Group LLC now owns 1,703 shares of the apparel retailer's stock valued at $651,000 after buying an additional 520 shares during the period. Clear Creek Financial Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth about $276,000. Finally, Chicago Partners Investment Group LLC increased its stake in Lululemon Athletica by 9.5% during the fourth quarter. Chicago Partners Investment Group LLC now owns 826 shares of the apparel retailer's stock valued at $325,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on LULU shares. Argus downgraded Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. reduced their target price on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. KeyCorp decreased their price target on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Barclays lowered their price objective on Lululemon Athletica from $309.00 to $276.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Finally, Piper Sandler lifted their price target on shares of Lululemon Athletica from $280.00 to $315.00 and gave the company a "neutral" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $367.10.

Lululemon Athletica Trading Up 0.1%

Shares of NASDAQ:LULU traded up $0.28 during midday trading on Wednesday, hitting $335.19. The company had a trading volume of 2,289,625 shares, compared to its average volume of 2,165,760. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The firm has a fifty day simple moving average of $284.42 and a 200 day simple moving average of $338.00. The stock has a market cap of $40.44 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.22 and a beta of 1.26.

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 the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.29 earnings per share. Equities analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal 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.