Russell Investments Group Ltd. Purchases 67,540 Shares of lululemon athletica inc. $LULU

Key Points

• Russell Investments Group Ltd. significantly increased its stake in lululemon athletica by 115.6% during the 1st quarter, now owning approximately 0.10% of the company valued at $35.8 million.
• Multiple institutional investors have boosted their positions in lululemon, with Twin Capital Management increasing its holdings by 58.3% and Narwhal Capital Management by 262.7%.
• Analysts have mixed ratings on lululemon, with a consensus rating of "Moderate Buy" and a revised target price averaging around $327.15, down from previously higher estimates.

Russell Investments Group Ltd. raised its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 115.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,967 shares of the apparel retailer's stock after buying an additional 67,540 shares during the period. Russell Investments Group Ltd. owned approximately 0.10% of lululemon athletica worth $35,810,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Anderson Financial Strategies LLC acquired a new stake in shares of lululemon athletica in the fourth quarter valued at $30,000. N.E.W. Advisory Services LLC bought a new position in shares of lululemon athletica in the first quarter valued at $25,000. Cornerstone Planning Group LLC lifted its position in shares of lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after acquiring an additional 81 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of lululemon athletica during the 1st quarter worth $31,000. Finally, Garde Capital Inc. acquired a new position in shares of lululemon athletica in the 1st quarter worth $35,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LULU. Citigroup reduced their target price on lululemon athletica from $325.00 to $270.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Jefferies Financial Group decreased their target price on shares of lululemon athletica from $220.00 to $200.00 and set an "underperform" rating for the company in a report on Friday, June 6th. Barclays cut their price target on shares of lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Bank of America decreased their price objective on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Finally, Truist Financial reduced their target price on lululemon athletica from $297.00 to $290.00 and set a "buy" rating for the company in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $322.84.

Insiders Place Their Bets

In other news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction dated 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. This trade represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company's stock.

lululemon athletica Stock Up 2.6%

lululemon athletica stock traded up $5.17 during mid-day trading on Monday, hitting $203.63. 4,179,587 shares of the stock were exchanged, compared to its average volume of 2,657,277. lululemon athletica inc. has a 12 month low of $185.95 and a 12 month high of $423.32. The firm's fifty day simple moving average is $224.16 and its two-hundred day simple moving average is $284.87. The stock has a market capitalization of $24.40 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 1.69 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 earnings per share for the quarter, hitting the consensus estimate of $2.60. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $2.54 EPS. As a group, analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

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.