lululemon athletica inc. (NASDAQ:LULU) Shares Acquired by Prudential PLC

Key Points

• Prudential PLC increased its stake in lululemon athletica by 249.0% in the first quarter, now owning 36,132 shares valued at approximately $10.23 million.
• Shares of lululemon athletica have seen a stock price increase of 3.5% recently, trading at $192.93 with a market cap of $23.12 billion.
• Analysts' ratings for lululemon athletica vary, with one sell rating, 13 hold ratings, and 16 buy ratings, and an average price target of $327.15.

Prudential PLC increased its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 249.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,132 shares of the apparel retailer's stock after purchasing an additional 25,778 shares during the quarter. Prudential PLC's holdings in lululemon athletica were worth $10,228,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Dnca Finance boosted its position in shares of lululemon athletica by 15.1% during the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after buying an additional 26 shares during the period. Lido Advisors LLC boosted its position in shares of lululemon athletica by 1.9% during the fourth quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer's stock worth $668,000 after buying an additional 32 shares during the period. Belpointe Asset Management LLC boosted its position in shares of lululemon athletica by 0.6% during the fourth quarter. Belpointe Asset Management LLC now owns 6,138 shares of the apparel retailer's stock worth $2,347,000 after buying an additional 36 shares during the period. Colonial Trust Co SC raised its stake in shares of lululemon athletica by 2.1% in the fourth quarter. Colonial Trust Co SC now owns 1,737 shares of the apparel retailer's stock valued at $664,000 after acquiring an additional 36 shares in the last quarter. Finally, Manhattan West Asset Management LLC raised its stake in shares of lululemon athletica by 5.4% in the first quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer's stock valued at $205,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LULU. Stifel Nicolaus reduced their price objective on lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Bank of America reduced their price objective on lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Truist Financial reduced their price objective on lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. JPMorgan Chase & Co. cut lululemon athletica from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $303.00 to $224.00 in a research note on Tuesday, July 22nd. Finally, The Goldman Sachs Group reduced their price objective on lululemon athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $327.15.

lululemon athletica Trading Down 2.6%

Shares of NASDAQ LULU traded down $5.30 during midday trading on Thursday, reaching $195.19. 4,034,136 shares of the company were exchanged, compared to its average volume of 3,145,994. lululemon athletica inc. has a 1 year low of $185.95 and a 1 year high of $423.32. The stock has a fifty day simple moving average of $225.49 and a 200 day simple moving average of $288.14. The stock has a market cap of $23.39 billion, a P/E ratio of 13.22, a PEG ratio of 1.71 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced 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 return on equity of 43.48% and a net margin of 16.82%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the company earned $2.54 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company's stock.

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.