MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $64,000 Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 99.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Lululemon Athletica by 95.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after purchasing an additional 2,371,079 shares during the period. Alliancebernstein L.P. boosted its position in Lululemon Athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after acquiring an additional 571,657 shares during the period. Geode Capital Management LLC boosted its position in Lululemon Athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after acquiring an additional 10,461 shares during the period. Capital World Investors boosted its position in Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after acquiring an additional 556,406 shares during the period. Finally, Schroder Investment Management Group boosted its position in Lululemon Athletica by 31.0% during the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after acquiring an additional 421,890 shares during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LULU shares. Truist Financial decreased their price objective on Lululemon Athletica from $297.00 to $290.00 and set a "buy" rating for the company in a research report on Friday, June 6th. KeyCorp decreased their price objective 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. The Goldman Sachs Group decreased their price objective on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company restated an "equal weight" rating on shares of Lululemon Athletica in a research report on Friday, June 6th. Finally, Argus lowered Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $340.26.

Lululemon Athletica Stock Down 3.2%

Shares of NASDAQ LULU opened at $239.11 on Monday. The business's 50 day moving average is $284.75 and its two-hundred day moving average is $335.82. The company has a market cap of $28.66 billion, a P/E ratio of 17.26, a P/E/G ratio of 2.22 and a beta of 1.26. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting the consensus estimate of $2.60. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the business posted $2.54 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts expect 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.

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