Envestnet Asset Management Inc. boosted its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 6.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,939 shares of the apparel retailer's stock after purchasing an additional 7,890 shares during the period. Envestnet Asset Management Inc. owned 0.11% of lululemon athletica worth $38,479,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. TCTC Holdings LLC bought a new position in shares of lululemon athletica in the 4th quarter worth $26,000. Anderson Financial Strategies LLC bought a new position in shares of lululemon athletica in the 4th quarter worth $30,000. MV Capital Management Inc. boosted its position in shares of lululemon athletica by 66.1% in the 4th quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 37 shares during the last quarter. Garde Capital Inc. bought a new position in lululemon athletica during the first quarter worth about $35,000. Finally, True Wealth Design LLC lifted its holdings in lululemon athletica by 193.0% during the fourth quarter. True Wealth Design LLC now owns 126 shares of the apparel retailer's stock worth $48,000 after acquiring an additional 83 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on LULU shares. Truist Financial reduced their target price on lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Cfra Research upgraded lululemon athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Morgan Stanley reissued an "equal weight" rating and issued a $280.00 price target (down previously from $346.00) on shares of lululemon athletica in a research note on Monday, June 9th. BTIG Research dropped their price target on lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Finally, UBS Group dropped their price target on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $340.26.
View Our Latest Stock Report on LULU
lululemon athletica Stock Down 0.8%
Shares of NASDAQ:LULU opened at $236.51 on Monday. lululemon athletica inc. has a 12-month low of $219.97 and a 12-month high of $423.32. The stock has a market cap of $28.35 billion, a PE ratio of 16.02, a P/E/G ratio of 2.00 and a beta of 1.17. The business has a 50 day moving average of $274.21 and a 200-day moving average of $316.37.
lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.60. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.54 earnings per share. Equities research analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current year.
Insider Buying and Selling
In other lululemon athletica 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 directly owned 110,564 shares in the company, valued at $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 is available at this link. 0.54% of the stock is currently owned by corporate insiders.
lululemon athletica Profile
(
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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