Sumitomo Mitsui Trust Group Inc. Has $90.91 Million Stock Holdings in lululemon athletica inc. (NASDAQ:LULU)

Sumitomo Mitsui Trust Group Inc. grew its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 10.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 321,175 shares of the apparel retailer's stock after purchasing an additional 29,364 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.27% of lululemon athletica worth $90,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. TCTC Holdings LLC acquired a new position in lululemon athletica during the 4th quarter worth approximately $26,000. Anderson Financial Strategies LLC acquired a new position in lululemon athletica during the 4th quarter worth approximately $30,000. Garde Capital Inc. acquired a new position in lululemon athletica during the 1st quarter worth approximately $35,000. MV Capital Management Inc. raised its stake in lululemon athletica by 66.1% during the 4th quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock worth $36,000 after buying an additional 37 shares during the period. Finally, CENTRAL TRUST Co raised its stake in lululemon athletica by 154.9% during the 1st quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock worth $37,000 after buying an additional 79 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Truist Financial dropped their price target on lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Evercore ISI upped their price target on lululemon athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Citigroup dropped their price target on lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. Barclays dropped their price target on lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating on the stock in a research note on Monday, June 9th. Finally, BTIG Research dropped their price target on lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $340.26.

lululemon athletica Trading Up 1.5%

Shares of LULU opened at $235.02 on Monday. The company has a market capitalization of $28.17 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.16 and a beta of 1.26. The stock has a 50 day moving average of $279.51 and a 200 day moving average of $326.35. lululemon athletica inc. has a 12 month low of $219.97 and a 12 month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business posted $2.54 earnings per share. The business's revenue for the quarter was up 7.3% on a year-over-year basis. 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.

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