Y Intercept Hong Kong Ltd Purchases New Stake in lululemon athletica inc. (NASDAQ:LULU)

Y Intercept Hong Kong Ltd acquired a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,909 shares of the apparel retailer's stock, valued at approximately $6,485,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dnca Finance boosted its position in shares of lululemon athletica by 15.1% in the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock valued at $76,000 after acquiring an additional 26 shares during the period. Lido Advisors LLC boosted its position in shares of lululemon athletica by 1.9% in the fourth quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer's stock valued at $668,000 after acquiring an additional 32 shares during the period. Belpointe Asset Management LLC raised its stake in lululemon athletica by 0.6% in the fourth quarter. Belpointe Asset Management LLC now owns 6,138 shares of the apparel retailer's stock valued at $2,347,000 after purchasing an additional 36 shares in the last quarter. Colonial Trust Co SC raised its stake in lululemon athletica by 2.1% in the fourth quarter. Colonial Trust Co SC now owns 1,737 shares of the apparel retailer's stock valued at $664,000 after purchasing an additional 36 shares in the last quarter. Finally, MV Capital Management Inc. raised its stake in lululemon athletica by 66.1% in the fourth quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 37 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Insider Activity at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. This represents a 19.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LULU has been the topic of several research reports. JPMorgan Chase & Co. downgraded shares of lululemon athletica from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $303.00 to $224.00 in a research note on Tuesday. Bank of America decreased their target price on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $385.00 target price on shares of lululemon athletica in a research note on Monday, June 2nd. Truist Financial cut their price target 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, Raymond James Financial reiterated a "market perform" rating and issued a $430.00 price target on shares of lululemon athletica in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, lululemon athletica currently has an average rating of "Moderate Buy" and a consensus target price of $337.53.

lululemon athletica Stock Up 0.3%

Shares of lululemon athletica stock traded up $0.72 on Tuesday, reaching $223.93. 3,303,906 shares of the stock were exchanged, compared to its average volume of 2,383,171. lululemon athletica inc. has a twelve month low of $216.81 and a twelve month high of $423.32. The firm has a market capitalization of $26.84 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 1.89 and a beta of 1.17. The business has a 50 day moving average price of $269.27 and a two-hundred day moving average price of $311.00.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting 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 analysts' expectations of $2.36 billion. During the same period in the previous year, the business earned $2.54 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. Research analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

lululemon athletica 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.