EULAV Asset Management lessened its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 9.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the apparel retailer's stock after selling 2,000 shares during the quarter. EULAV Asset Management's holdings in lululemon athletica were worth $5,661,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LULU. Interchange Capital Partners LLC purchased a new stake in lululemon athletica during the first quarter valued at $328,000. Crossmark Global Holdings Inc. boosted its holdings in lululemon athletica by 15.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 3,279 shares of the apparel retailer's stock valued at $928,000 after acquiring an additional 441 shares during the period. TD Private Client Wealth LLC boosted its holdings in lululemon athletica by 44.5% during the 1st quarter. TD Private Client Wealth LLC now owns 1,536 shares of the apparel retailer's stock valued at $435,000 after acquiring an additional 473 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of lululemon athletica by 6.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 135,939 shares of the apparel retailer's stock worth $38,479,000 after buying an additional 7,890 shares during the period. Finally, Cloud Capital Management LLC purchased a new stake in shares of lululemon athletica in the 1st quarter worth $71,000. Institutional investors own 85.20% of the company's stock.
Analyst Ratings Changes
Several brokerages have weighed in on LULU. Piper Sandler upped their target price on lululemon athletica from $280.00 to $315.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Telsey Advisory Group reiterated an "outperform" rating and issued a $385.00 target price on shares of lululemon athletica in a report on Monday, June 2nd. William Blair reiterated an "outperform" rating on shares of lululemon athletica in a report on Thursday, April 3rd. Argus cut lululemon athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, KeyCorp lowered their target price on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Friday, June 6th. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $340.26.
Get Our Latest Stock Analysis on LULU
Insider Buying and Selling
In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the sale, the chief executive officer directly owned 110,564 shares of the company's stock, valued at $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.
lululemon athletica Trading Down 4.1%
Shares of LULU stock traded down $10.11 during mid-day trading on Monday, reaching $237.57. The stock had a trading volume of 3,307,828 shares, compared to its average volume of 2,331,608. The business's fifty day moving average is $277.60 and its 200-day moving average is $321.50. The firm has a market cap of $28.47 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 2.10 and a beta of 1.17. lululemon athletica inc. has a 1-year low of $219.97 and a 1-year high of $423.32.
lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting analysts' consensus estimates of $2.60. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The company's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.54 earnings per share. On average, analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.
lululemon athletica Company 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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