K.J. Harrison & Partners Inc Sells 5,000 Shares of lululemon athletica inc. (NASDAQ:LULU)

K.J. Harrison & Partners Inc cut its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 62.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,000 shares of the apparel retailer's stock after selling 5,000 shares during the period. K.J. Harrison & Partners Inc's holdings in lululemon athletica were worth $849,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LULU. Brighton Jones LLC acquired a new stake in shares of lululemon athletica during the fourth quarter worth $429,000. Nwam LLC acquired a new stake in shares of lululemon athletica during the fourth quarter worth $202,000. Proficio Capital Partners LLC acquired a new stake in shares of lululemon athletica during the fourth quarter worth $35,389,000. QRG Capital Management Inc. raised its position in shares of lululemon athletica by 13.6% during the fourth quarter. QRG Capital Management Inc. now owns 5,076 shares of the apparel retailer's stock worth $1,941,000 after purchasing an additional 609 shares during the period. Finally, SVB Wealth LLC acquired a new stake in shares of lululemon athletica during the fourth quarter worth $475,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $385.00 target price on shares of lululemon athletica in a research report on Monday, June 2nd. Jefferies Financial Group dropped their price target on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research report on Friday, June 6th. Evercore ISI upped their price target on lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Piper Sandler upped their price target on lululemon athletica from $280.00 to $315.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of lululemon athletica in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $340.26.

lululemon athletica Trading Up 1.5%

lululemon athletica stock traded up $3.44 during trading hours on Friday, reaching $235.02. 6,198,966 shares of the company were exchanged, compared to its average volume of 2,292,461. The firm has a market cap of $28.17 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.16 and a beta of 1.26. The stock has a 50-day moving average of $279.51 and a 200 day moving average of $326.78. lululemon athletica inc. has a 12 month low of $219.97 and a 12 month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.60. The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations 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 quarter in the prior year, the business earned $2.54 earnings per share. As a group, research analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

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.