Insight Inv LLC purchased a new position in lululemon athletica inc. (NASDAQ:LULU - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,858 shares of the apparel retailer's stock, valued at approximately $3,357,000. lululemon athletica comprises about 1.3% of Insight Inv LLC's holdings, making the stock its 18th largest holding.
A number of other institutional investors have also recently made changes to their positions in LULU. Amalgamated Bank grew its position in lululemon athletica by 2.1% during the first quarter. Amalgamated Bank now owns 24,196 shares of the apparel retailer's stock valued at $6,849,000 after acquiring an additional 503 shares during the last quarter. KBC Group NV grew its holdings in shares of lululemon athletica by 37.1% during the 1st quarter. KBC Group NV now owns 68,366 shares of the apparel retailer's stock valued at $19,352,000 after purchasing an additional 18,493 shares during the last quarter. Aljian Capital Management LLC grew its holdings in shares of lululemon athletica by 14.5% during the 1st quarter. Aljian Capital Management LLC now owns 4,239 shares of the apparel retailer's stock valued at $1,200,000 after purchasing an additional 536 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in lululemon athletica by 10.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 321,175 shares of the apparel retailer's stock worth $90,912,000 after purchasing an additional 29,364 shares during the period. Finally, Patron Partners LLC lifted its stake in lululemon athletica by 37.9% in the first quarter. Patron Partners LLC now owns 910 shares of the apparel retailer's stock worth $258,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 85.20% of the company's stock.
lululemon athletica Stock Performance
LULU opened at $235.02 on Monday. The company's 50-day simple moving average is $279.51 and its two-hundred day simple moving average is $326.35. The stock has a market capitalization of $28.17 billion, a P/E ratio of 15.92, a P/E/G ratio of 2.16 and a beta of 1.26. lululemon athletica inc. has a 52-week low of $219.97 and a 52-week high of $423.32.
lululemon athletica (NASDAQ:LULU - Get Free Report) last issued 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. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned $2.54 earnings per share. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on LULU shares. Truist Financial lowered their target price on lululemon athletica from $297.00 to $290.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Argus lowered lululemon athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. decreased their target price on lululemon athletica from $389.00 to $303.00 and set an "overweight" rating for the company in a report on Friday, June 6th. UBS Group dropped their price target on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. Finally, Needham & Company LLC reduced their price objective on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a research 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 issued a strong buy rating to the stock. Based on data from MarketBeat, lululemon athletica currently has a consensus rating of "Moderate Buy" and an average target price of $340.26.
Check Out Our Latest Research Report on lululemon athletica
About lululemon athletica
(
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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