2 weeks Ago By ABMN Staff
CreativeOne Wealth LLC reduced its holdings in Lululemon Athletica Inc. ( NASDAQ:LULU – Free Report ) by 21.0% during the fourth quarter, according to the company in its most recent filing with the SEC.
The fund owned 797 shares of the apparel retailer’s stock after selling 212 shares during the quarter. CreativeOne Wealth LLC’s holdings in Lululemon Athletica were worth $305,000 as of its most recent filing with the SEC. Other hedge funds and other institutional investors have also modified their holdings of the company.
Westside Investment Management Inc. raised its position in shares of Lululemon Athletica by 900.0% during the 3rd quarter.
Westside Investment Management Inc. now owns 300 shares of the apparel retailer’s stock worth $81,000 after purchasing an additional 270 shares during the period. Anchor Investment Management LLC lifted its stake in Lululemon Athletica by 17.
4% in the third quarter. Anchor Investment Management LLC now owns 4,582 shares of the apparel retailer’s stock valued at $1,243,000 after buying an additional 680 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its position in shares of Lululemon Athletica by 964.
2% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,058 shares of the apparel retailer’s stock worth $3,815,000 after acquiring an additional 12,737 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Lululemon Athletica in the 3rd quarter worth about $15,038,000.
Finally, Sfmg LLC bought a new stake in Lululemon Athletica in the 3rd quarter valued at about $2,984,000. 85.20% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes Several equities research analysts have commented on LULU shares. BMO Capital Markets dropped their price target on shares of 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. KeyCorp reduced their price target on Lululemon Athletica from $420.00 to $400.
00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Oppenheimer increased their price target on Lululemon Athletica from $380.00 to $500.
00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $360.
00 to $460.00 in a research note on Tuesday, January 7th. Finally, BTIG Research decreased their target price on shares of Lululemon Athletica from $470.
00 to $420.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company.
According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $371.72.
Lululemon Athletica Stock Performance Shares of NASDAQ:LULU opened at $251.08 on Monday. Lululemon Athletica Inc.
has a 52 week low of $226.01 and a 52 week high of $423.32.
The company has a market cap of $30.29 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.
22 and a beta of 1.31. The firm has a 50 day simple moving average of $317.
33 and a 200 day simple moving average of $339.24. Lululemon Athletica ( NASDAQ:LULU – Get Free Report ) last issued its earnings results on Thursday, March 27th.
The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate of $5.85 by $0.
29. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.
59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.
05%. Lululemon Athletica’s revenue was up 12.3% compared to the same quarter last year.
During the same quarter last year, the firm posted $5.29 earnings per share. On average, equities analysts predict that Lululemon Athletica Inc.
will post 14.36 earnings per share for the current year. 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. Featured Stories Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Lululemon Athletica Inc. ( NASDAQ:LULU – Free Report ). Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.
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