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Vanguard Group Inc. Increases Position in lululemon athletica inc. (NASDAQ:LULU)

lululemon athletica logo with Consumer Discretionary background

Key Points

  • Vanguard Group Inc. increased its holdings in lululemon athletica by 1.2%, owning approximately 11.00% of the company, valued at about $3.76 billion.
  • In the first quarter, lululemon reported earnings of $2.60 EPS, meeting analyst expectations, with revenue rising 7.3% year-over-year.
  • Recent analyst reports show a mixed outlook, with price targets reduced by firms like BMO Capital Markets and Goldman Sachs, reflecting a cautious sentiment.
  • Want stock alerts on lululemon athletica? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Vanguard Group Inc. raised its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,266,929 shares of the apparel retailer's stock after acquiring an additional 157,764 shares during the quarter. Vanguard Group Inc. owned approximately 11.00% of lululemon athletica worth $3,755,337,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Dnca Finance boosted its position in shares of lululemon athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after purchasing an additional 26 shares in the last quarter. Lido Advisors LLC raised its holdings in lululemon athletica by 1.9% in the 4th quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer's stock worth $668,000 after purchasing an additional 32 shares during the period. Belpointe Asset Management LLC raised its holdings in lululemon athletica by 0.6% in the 4th quarter. Belpointe Asset Management LLC now owns 6,138 shares of the apparel retailer's stock worth $2,347,000 after purchasing an additional 36 shares during the period. Colonial Trust Co SC raised its holdings in lululemon athletica by 2.1% in the 4th quarter. Colonial Trust Co SC now owns 1,737 shares of the apparel retailer's stock worth $664,000 after purchasing an additional 36 shares during the period. Finally, Carolinas Wealth Consulting LLC raised its holdings in lululemon athletica by 30.7% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the apparel retailer's stock worth $63,000 after purchasing an additional 39 shares during the period. 85.20% of the stock is owned by institutional investors.

lululemon athletica Trading Down 0.9%

Shares of NASDAQ:LULU traded down $1.71 on Friday, hitting $189.43. 3,184,383 shares of the company were exchanged, compared to its average volume of 3,128,553. lululemon athletica inc. has a 1-year low of $186.52 and a 1-year high of $423.32. The stock's 50 day moving average price is $236.47 and its 200 day moving average price is $293.03. The firm has a market capitalization of $22.70 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting the consensus estimate 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%. The business'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. On average, equities analysts predict that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Transactions at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's 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 directly owned 110,564 shares in the company, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Needham & Company LLC dropped their target price on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a report on Friday, June 6th. KeyCorp dropped their price target on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, June 6th. Wells Fargo & Company dropped their target price on lululemon athletica from $270.00 to $225.00 and set an "equal weight" rating for the company in a report on Monday, August 4th. Robert W. Baird decreased their price objective on shares of lululemon athletica from $350.00 to $340.00 and set an "outperform" rating for the company in a research note on Friday, June 6th. Finally, Citigroup decreased their price objective on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, lululemon athletica currently has a consensus rating of "Moderate Buy" and a consensus price target of $329.91.

View Our Latest Report on LULU

lululemon athletica Profile

(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.

See Also

Institutional Ownership by Quarter for lululemon athletica (NASDAQ:LULU)

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