Flossbach Von Storch SE Has $393.29 Million Holdings in lululemon athletica inc. $LULU

Key Points

• Flossbach Von Storch SE trimmed its Q4 stake in lululemon by 2% to 1,892,537 shares valued at about $393.29 million, representing roughly 1.61% of LULU and ~1.6% of Flossbach’s portfolio (its 22nd largest holding).
• Earnings beat but mixed outlook: lululemon reported $5.01 EPS vs. $4.78 expected and $3.64B in revenue, yet several firms cut price targets and the stock carries a MarketBeat consensus rating of "Hold" with a $206.77 target; the shares trade around $146.94 with a $17.74B market cap and a P/E of 11.05.
• Insider buying: CEO Andre Maestrini bought 3,275 shares at $151.02 and director Charles V. Bergh purchased 6,090 shares at $164.20, with insiders now owning about 0.54% of the company.

Flossbach Von Storch SE lessened its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,892,537 shares of the apparel retailer's stock after selling 38,294 shares during the quarter. lululemon athletica comprises about 1.6% of Flossbach Von Storch SE's investment portfolio, making the stock its 22nd biggest position. Flossbach Von Storch SE owned about 1.61% of lululemon athletica worth $393,288,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthfront Advisers LLC increased its stake in shares of lululemon athletica by 66.4% in the fourth quarter. Wealthfront Advisers LLC now owns 9,947 shares of the apparel retailer's stock worth $2,067,000 after purchasing an additional 3,970 shares during the period. M&T Bank Corp boosted its stake in lululemon athletica by 76.9% during the 4th quarter. M&T Bank Corp now owns 6,114 shares of the apparel retailer's stock valued at $1,271,000 after purchasing an additional 2,657 shares during the period. Exencial Wealth Advisors LLC boosted its stake in lululemon athletica by 33.7% during the 4th quarter. Exencial Wealth Advisors LLC now owns 8,098 shares of the apparel retailer's stock valued at $1,683,000 after purchasing an additional 2,040 shares during the period. Ashton Thomas Private Wealth LLC grew its holdings in lululemon athletica by 34.6% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 15,393 shares of the apparel retailer's stock valued at $3,199,000 after buying an additional 3,955 shares during the last quarter. Finally, State of Michigan Retirement System increased its position in lululemon athletica by 0.3% in the 4th quarter. State of Michigan Retirement System now owns 36,208 shares of the apparel retailer's stock worth $7,524,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Trading Up 2.2%

Shares of LULU stock opened at $146.94 on Tuesday. lululemon athletica inc. has a 12 month low of $141.33 and a 12 month high of $340.25. The company has a market capitalization of $17.74 billion, a P/E ratio of 11.05, a P/E/G ratio of 4.42 and a beta of 1.07. The stock has a 50 day moving average of $164.62 and a two-hundred day moving average of $178.14.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.78 by $0.23. The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.lululemon athletica's quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $6.14 earnings per share. Sell-side analysts predict that lululemon athletica inc. will post 12.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

LULU has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their price target on lululemon athletica from $200.00 to $184.00 and set a "neutral" rating for the company in a report on Wednesday, March 11th. JPMorgan Chase & Co. lowered their price objective on shares of lululemon athletica from $209.00 to $196.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 18th. Citigroup dropped their target price on shares of lululemon athletica from $210.00 to $185.00 and set a "neutral" rating on the stock in a research report on Monday, March 23rd. Telsey Advisory Group cut their target price on shares of lululemon athletica from $215.00 to $175.00 and set a "market perform" rating for the company in a research note on Wednesday, March 18th. Finally, Truist Financial reduced their price target on shares of lululemon athletica from $200.00 to $170.00 and set a "hold" rating for the company in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twenty-eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, lululemon athletica presently has a consensus rating of "Hold" and a consensus target price of $206.77.

Insider Buying and Selling at lululemon athletica

In other lululemon athletica news, CEO Andre Maestrini acquired 3,275 shares of the company's stock in a transaction dated Wednesday, April 1st. The stock was bought at an average price of $151.02 per share, for a total transaction of $494,590.50. Following the purchase, the chief executive officer owned 34,551 shares in the company, valued at $5,217,892.02. This represents a 10.47% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles V. Bergh acquired 6,090 shares of lululemon athletica stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of $164.20 per share, with a total value of $999,978.00. Following the completion of the acquisition, the director directly owned 6,090 shares in the company, valued at $999,978. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.54% of the company's stock.

About lululemon athletica

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company's product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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