Red Door Wealth Management LLC Invests $578,000 in lululemon athletica inc. (NASDAQ:LULU)

Red Door Wealth Management LLC bought a new stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,043 shares of the apparel retailer's stock, valued at approximately $578,000.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in lululemon athletica by 95.7% during 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 buying an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of lululemon athletica by 14.9% during the fourth 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 raised its stake in shares of lululemon athletica by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock valued at $947,682,000 after acquiring an additional 10,461 shares in the last quarter. Capital World Investors raised its stake in shares of lululemon athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after acquiring an additional 556,406 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of lululemon athletica by 31.0% in the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after purchasing an additional 421,890 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LULU has been the subject of a number of research analyst reports. Cfra Research raised lululemon athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Argus lowered lululemon athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. KeyCorp decreased their price objective on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Friday, June 6th. Truist Financial dropped their target price on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Finally, TD Securities raised their target price on shares of lululemon athletica from $370.00 to $373.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.26.

lululemon athletica Price Performance

lululemon athletica stock traded up $2.56 during mid-day trading on Monday, reaching $237.58. 2,958,426 shares of the company traded hands, compared to its average volume of 2,295,140. The firm's fifty day moving average is $279.51 and its two-hundred day moving average is $326.35. The company has a market capitalization of $28.47 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26. lululemon athletica inc. has a fifty-two week low of $219.97 and a fifty-two week high of $423.32.

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. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.54 earnings per share. As a group, equities research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current 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.