lululemon athletica inc. (NASDAQ:LULU) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 99.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 226 shares of the apparel retailer's stock after selling 90,656 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in lululemon athletica were worth $64,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCTC Holdings LLC bought a new stake in lululemon athletica in the 4th quarter worth approximately $26,000. Anderson Financial Strategies LLC purchased a new position in shares of lululemon athletica in the fourth quarter valued at $30,000. Kestra Investment Management LLC bought a new stake in lululemon athletica in the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in lululemon athletica during the fourth quarter valued at $32,000. Finally, Pittenger & Anderson Inc. raised its stake in lululemon athletica by 53.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LULU. Argus downgraded shares of lululemon athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Piper Sandler boosted their price objective on lululemon athletica from $280.00 to $315.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Robert W. Baird lowered their price objective on lululemon athletica from $350.00 to $340.00 and set an "outperform" rating for the company in a research note on Friday, June 6th. William Blair reiterated an "outperform" rating on shares of lululemon athletica in a report on Thursday, April 3rd. Finally, UBS Group decreased their price target on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, lululemon athletica presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.26.

lululemon athletica Price Performance

Shares of NASDAQ:LULU traded down $6.55 during trading hours on Thursday, hitting $228.65. The company's stock had a trading volume of 4,666,313 shares, compared to its average volume of 2,242,464. The firm's fifty day moving average price is $282.95 and its 200 day moving average price is $333.84. lululemon athletica inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The company has a market capitalization of $27.40 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 2.16 and a beta of 1.26.

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

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.