Spire Wealth Management Acquires 7,116 Shares of lululemon athletica inc. (NASDAQ:LULU)

Spire Wealth Management increased its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 133.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,436 shares of the apparel retailer's stock after purchasing an additional 7,116 shares during the quarter. Spire Wealth Management's holdings in lululemon athletica were worth $3,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LULU. TCTC Holdings LLC purchased a new stake in shares of lululemon athletica in the 4th quarter valued at approximately $26,000. Anderson Financial Strategies LLC purchased a new stake in shares of lululemon athletica in the fourth quarter valued at $30,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of lululemon athletica in the fourth quarter worth $32,000. MV Capital Management Inc. grew its holdings in shares of lululemon athletica by 66.1% during the fourth quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock valued at $36,000 after buying an additional 37 shares in the last quarter. Finally, Garde Capital Inc. acquired a new position in lululemon athletica during the first quarter valued at $35,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LULU. JPMorgan Chase & Co. dropped their target price on lululemon athletica from $389.00 to $303.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. Argus downgraded shares of lululemon athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Raymond James Financial reiterated a "market perform" rating and issued a $430.00 target price on shares of lululemon athletica in a research report on Friday, March 28th. Truist Financial decreased their target price on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Finally, Robert W. Baird cut their price objective on lululemon athletica from $350.00 to $340.00 and set an "outperform" rating for the company in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $340.26.

lululemon athletica Stock Up 1.5%

LULU traded up $3.44 during trading on Friday, reaching $235.02. 6,198,966 shares of the company's stock were exchanged, compared to its average volume of 2,297,278. lululemon athletica inc. has a fifty-two week low of $219.97 and a fifty-two week high of $423.32. The company has a market capitalization of $28.17 billion, a P/E ratio of 15.92, a PEG ratio of 2.13 and a beta of 1.26. The business has a 50 day moving average price of $279.84 and a 200 day moving average price of $328.40.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.60. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.54 earnings per share. As a group, research analysts forecast that lululemon athletica inc. will post 14.36 EPS 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.