Harel Insurance Investments & Financial Services Ltd. Has $5.66 Million Position in lululemon athletica inc. (NASDAQ:LULU)

Harel Insurance Investments & Financial Services Ltd. raised its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 3,210.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,994 shares of the apparel retailer's stock after buying an additional 19,390 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in lululemon athletica were worth $5,660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of lululemon athletica in the fourth quarter valued at approximately $429,000. Smartleaf Asset Management LLC boosted its holdings in lululemon athletica by 96.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 441 shares of the apparel retailer's stock worth $169,000 after buying an additional 216 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in lululemon athletica by 280.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 453 shares of the apparel retailer's stock worth $173,000 after buying an additional 334 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in lululemon athletica by 62.9% in the 4th quarter. Jones Financial Companies Lllp now owns 4,373 shares of the apparel retailer's stock worth $1,672,000 after purchasing an additional 1,689 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in lululemon athletica in the 4th quarter worth approximately $206,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction 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 owned 110,564 shares in the company, valued at approximately $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LULU shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $385.00 target price on shares of lululemon athletica in a research report on Monday, June 2nd. Cfra Research upgraded shares of lululemon athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Piper Sandler lifted their target price on shares of lululemon athletica from $280.00 to $315.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Stifel Nicolaus dropped their target price on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Finally, William Blair restated an "outperform" rating on shares of lululemon athletica in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, lululemon athletica presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.26.

lululemon athletica Stock Performance

Shares of NASDAQ LULU traded up $1.41 during trading on Friday, reaching $247.71. The company had a trading volume of 1,646,311 shares, compared to its average volume of 2,323,377. lululemon athletica inc. has a 52 week low of $219.97 and a 52 week high of $423.32. The stock has a market cap of $29.69 billion, a PE ratio of 16.78, a PEG ratio of 2.10 and a beta of 1.17. The business's 50 day moving average price is $277.60 and its 200-day moving average price is $322.21.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting analysts' consensus estimates of $2.60. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. lululemon athletica'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 firm posted $2.54 earnings per share. Equities analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current 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.