8 hours Ago By ABMN Staff
Allspring Global Investments Holdings LLC reduced its holdings in shares of Lululemon Athletica Inc. ( NASDAQ:LULU – Free Report ) by 5.6% in the 4th quarter, HoldingsChannel reports.
The fund owned 6,426 shares of the apparel retailer’s stock after selling 379 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Lululemon Athletica were worth $2,392,000 as of its most recent SEC filing. A number of other large investors have also recently made changes to their positions in LULU.
International Assets Investment Management LLC boosted its position in shares of Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after purchasing an additional 894,531 shares during the period.
Maverick Capital Ltd. acquired a new stake in shares of Lululemon Athletica in the 3rd quarter valued at about $93,476,000. The Manufacturers Life Insurance Company boosted its position in shares of Lululemon Athletica by 136.
3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after purchasing an additional 305,302 shares during the period. Southpoint Capital Advisors LP acquired a new stake in shares of Lululemon Athletica in the 3rd quarter valued at about $81,405,000.
Finally, River Road Asset Management LLC acquired a new stake in shares of Lululemon Athletica in the 3rd quarter valued at about $79,503,000. 85.20% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Lululemon Athletica from $292.00 to $396.
00 and gave the company a “hold” rating in a research report on Monday, December 9th. Stifel Nicolaus reissued a “buy” rating and issued a $438.00 target price (up from $370.
00) on shares of Lululemon Athletica in a research report on Friday, December 6th. BMO Capital Markets increased their price objective on Lululemon Athletica from $265.00 to $302.
00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Truist Financial increased their price objective on Lululemon Athletica from $420.00 to $460.
00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Raymond James reaffirmed an “outperform” rating and set a $430.00 price objective (up from $400.
00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.
com, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus price target of $399.14. Lululemon Athletica Price Performance NASDAQ LULU opened at $358.
97 on Friday. Lululemon Athletica Inc. has a 1-year low of $226.
01 and a 1-year high of $480.94. The company has a market capitalization of $43.
72 billion, a P/E ratio of 25.92, a PEG ratio of 2.23 and a beta of 1.
19. The business has a 50 day moving average price of $388.35 and a 200 day moving average price of $324.
60. Lululemon Athletica ( NASDAQ:LULU – Get Free Report ) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.
87 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18.
The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion.
Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%.
Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $2.
53 EPS. On average, research analysts expect that Lululemon Athletica Inc. will post 14.
36 earnings per share for the current fiscal year. Insider Buying and Selling at Lululemon Athletica In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.
11, for a total value of $782,736.42. Following the transaction, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.
78. This trade represents a 24.60 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.
54, for a total value of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.
66. This trade represents a 66.68 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . 0.48% of the stock is owned by insiders.
Lululemon Athletica 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.
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 ).
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