Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Bokf Na

BOKF NA lessened its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 72.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,406 shares of the apparel retailer's stock after selling 3,666 shares during the period. BOKF NA's holdings in Lululemon Athletica were worth $556,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. TCTC Holdings LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter valued at approximately $26,000. Anderson Financial Strategies LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter valued at approximately $30,000. Kestra Investment Management LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter valued at approximately $32,000. Finally, Sound Income Strategies LLC lifted its position in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Wall Street Analyst Weigh In

LULU has been the subject of several recent research reports. UBS Group reduced their price objective on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Piper Sandler reduced their price objective on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Citigroup reduced their price objective on Lululemon Athletica from $330.00 to $275.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Morgan Stanley cut their target price on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. cut their target price on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Lululemon Athletica has a consensus rating of "Moderate Buy" and an average target price of $368.72.

Lululemon Athletica Trading Up 2.1%

Lululemon Athletica stock traded up $6.41 during midday trading on Tuesday, reaching $310.61. 1,642,465 shares of the stock traded hands, compared to its average volume of 2,232,114. The company has a 50-day simple moving average of $287.59 and a two-hundred day simple moving average of $337.74. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The firm has a market cap of $37.47 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter last year, the business posted $5.29 EPS. The business's quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts anticipate 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.