lululemon athletica inc. (NASDAQ:LULU) Shares Bought by Keybank National Association OH

Keybank National Association OH grew its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 10.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,039 shares of the apparel retailer's stock after acquiring an additional 12,467 shares during the quarter. Keybank National Association OH owned about 0.11% of lululemon athletica worth $38,790,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LULU. Brighton Jones LLC purchased a new stake in lululemon athletica during the fourth quarter valued at about $429,000. SVB Wealth LLC acquired a new position in shares of lululemon athletica in the 4th quarter valued at about $475,000. Jacobi Capital Management LLC purchased a new stake in shares of lululemon athletica during the 4th quarter worth about $262,000. Smartleaf Asset Management LLC increased its position in lululemon athletica by 96.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 441 shares of the apparel retailer's stock worth $169,000 after purchasing an additional 216 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in lululemon athletica by 280.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 453 shares of the apparel retailer's stock valued at $173,000 after buying an additional 334 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LULU shares. Evercore ISI increased their price objective on shares of lululemon athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Piper Sandler increased their price target on lululemon athletica from $280.00 to $315.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. TD Securities raised their price objective on lululemon athletica from $370.00 to $373.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. BMO Capital Markets decreased their target price on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a research report on Friday, June 6th. Finally, Barclays dropped their target price on lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, lululemon athletica currently has a consensus rating of "Moderate Buy" and an average price target of $340.26.

lululemon athletica Price Performance

Shares of LULU stock traded up $1.18 on Wednesday, hitting $246.30. 5,341,121 shares of the stock traded hands, compared to its average volume of 2,316,669. lululemon athletica inc. has a 1-year low of $219.97 and a 1-year high of $423.32. The company's fifty day moving average is $278.86 and its 200 day moving average is $324.71. The company has a market capitalization of $29.52 billion, a PE ratio of 16.69, a PEG ratio of 2.18 and a beta of 1.18.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business posted $2.54 EPS. The company's quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Activity

In related news, CEO Calvin Mcdonald sold 27,049 shares of the company's stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 110,564 shares in the company, valued at $26,058,829.16. This represents a 19.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.54% of the company's stock.

lululemon athletica 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.