Whipplewood Advisors LLC lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 44,390.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,682 shares of the apparel retailer's stock after purchasing an additional 14,649 shares during the period. Lululemon Athletica comprises about 1.3% of Whipplewood Advisors LLC's holdings, making the stock its 14th largest position. Whipplewood Advisors LLC's holdings in Lululemon Athletica were worth $4,156,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position 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 worth $1,854,160,000 after acquiring an additional 2,371,079 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Lululemon Athletica by 14.9% in 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 increased its position in shares of Lululemon Athletica by 0.4% in 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 buying an additional 10,461 shares in the last quarter. Capital World Investors lifted its holdings in shares of Lululemon Athletica by 34.6% in the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after purchasing an additional 556,406 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings 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 valued at $681,163,000 after buying an additional 421,890 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.
Lululemon Athletica Price Performance
NASDAQ LULU traded down $4.41 on Thursday, reaching $330.78. The company had a trading volume of 3,816,911 shares, compared to its average volume of 2,174,320. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The firm has a 50-day moving average of $285.26 and a 200-day moving average of $337.98. The firm has a market capitalization of $39.90 billion, a PE ratio of 23.88, a P/E/G ratio of 2.22 and a beta of 1.26.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting the consensus estimate of $2.60. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.
Wall Street Analyst Weigh In
LULU has been the topic of several analyst reports. UBS Group decreased their price target on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Truist Financial cut their price target on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price objective on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Robert W. Baird dropped their target price on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Finally, BMO Capital Markets decreased their price target on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $367.10.
Check Out Our Latest Report on Lululemon Athletica
Lululemon Athletica Company Profile
(
Free Report)
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.
See Also
Before you consider Lululemon Athletica, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lululemon Athletica wasn't on the list.
While Lululemon Athletica currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
