abrdn plc decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 53.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 303,369 shares of the apparel retailer's stock after selling 346,756 shares during the quarter. abrdn plc owned about 0.24% of Lululemon Athletica worth $155,110,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of LULU. Valley National Advisers Inc. raised its stake in Lululemon Athletica by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer's stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Lululemon Athletica in the third quarter valued at $27,000. Bogart Wealth LLC raised its stake in shares of Lululemon Athletica by 270.0% in the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer's stock valued at $29,000 after acquiring an additional 54 shares during the period. Morton Brown Family Wealth LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at $31,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 85.20% of the company's stock.
Lululemon Athletica Trading Up 1.4 %
Shares of NASDAQ:LULU traded up $4.96 during trading on Friday, reaching $352.47. The stock had a trading volume of 2,470,408 shares, compared to its average volume of 3,139,792. Lululemon Athletica Inc. has a one year low of $326.93 and a one year high of $516.39. The company has a market capitalization of $44.41 billion, a P/E ratio of 28.87, a PEG ratio of 1.23 and a beta of 1.30. The firm's 50-day simple moving average is $420.09 and its 200 day simple moving average is $438.90.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping analysts' consensus estimates of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company had revenue of $3.21 billion during the quarter, compared to analysts' expectations of $3.19 billion. During the same period last year, the business earned $4.40 EPS. Lululemon Athletica's revenue for the quarter was up 15.6% on a year-over-year basis. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.
Insider Buying and Selling at Lululemon Athletica
In other news, Director Martha A. M. Morfitt bought 700 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the purchase, the director now directly owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the stock. Evercore ISI reduced their target price on shares of Lululemon Athletica from $575.00 to $515.00 and set an "outperform" rating on the stock in a research note on Friday, March 22nd. HSBC reduced their target price on shares of Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. Robert W. Baird reduced their target price on shares of Lululemon Athletica from $555.00 to $505.00 and set an "outperform" rating on the stock in a research note on Friday. Telsey Advisory Group reissued an "outperform" rating and issued a $550.00 target price on shares of Lululemon Athletica in a research note on Friday, March 22nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lululemon Athletica from $531.00 to $509.00 and set an "overweight" rating on the stock in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $483.61.
Read Our Latest Stock Report on LULU
About Lululemon Athletica
(
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.
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