MassMutual Private Wealth & Trust FSB Has $2.84 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

MassMutual Private Wealth & Trust FSB lessened its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 14.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,030 shares of the apparel retailer's stock after selling 1,751 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Lululemon Athletica were worth $2,839,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. TCTC Holdings LLC bought a new stake in Lululemon Athletica during the 4th quarter valued at $26,000. Anderson Financial Strategies LLC bought a new position in Lululemon Athletica during the fourth quarter valued at approximately $30,000. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Lululemon Athletica in the fourth quarter worth about $32,000. Finally, Asset Planning Inc purchased a new stake in Lululemon Athletica in the fourth quarter worth $33,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Trading Down 1.2%

NASDAQ LULU traded down $3.66 during trading on Friday, hitting $313.43. 3,649,987 shares of the company traded hands, compared to its average volume of 2,162,057. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The company has a market capitalization of $37.81 billion, a P/E ratio of 22.63, a PEG ratio of 2.22 and a beta of 1.30. The business has a fifty day simple moving average of $284.85 and a 200 day simple moving average of $337.88.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.29 earnings per share. Equities research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analysts Set New Price Targets

LULU has been the subject of several recent research reports. Piper Sandler lowered their target price on shares of Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Truist Financial reduced their price objective on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company reduced their price objective on Lululemon Athletica from $315.00 to $300.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Cfra Research raised shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Finally, BMO Capital Markets cut their price objective on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $369.52.

About Lululemon Athletica

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.