BlackRock Inc. grew its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,861,628 shares of the apparel retailer’s stock after acquiring an additional 77,149 shares during the quarter. BlackRock Inc. owned approximately 0.06% of Lululemon Athletica worth $2,411,238,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Executive Wealth Management LLC lifted its stake in shares of Lululemon Athletica by 5.0% in the 1st quarter. Executive Wealth Management LLC now owns 7,228 shares of the apparel retailer’s stock valued at $2,216,000 after purchasing an additional 347 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Lululemon Athletica by 4.5% in the 4th quarter. California Public Employees Retirement System now owns 272,933 shares of the apparel retailer’s stock valued at $94,989,000 after purchasing an additional 11,756 shares in the last quarter. CIBC World Markets Inc. lifted its stake in shares of Lululemon Athletica by 13.7% in the 4th quarter. CIBC World Markets Inc. now owns 68,410 shares of the apparel retailer’s stock valued at $23,809,000 after purchasing an additional 8,238 shares in the last quarter. TFG Advisers LLC lifted its stake in shares of Lululemon Athletica by 13.0% in the 4th quarter. TFG Advisers LLC now owns 1,003 shares of the apparel retailer’s stock valued at $349,000 after purchasing an additional 115 shares in the last quarter. Finally, Franklin Street Capital Partners LLC lifted its stake in shares of Lululemon Athletica by 27.3% in the 4th quarter. Franklin Street Capital Partners LLC now owns 7,000 shares of the apparel retailer’s stock valued at $2,436,000 after purchasing an additional 1,500 shares in the last quarter. 80.53% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:LULU opened at $329.76 on Thursday. Lululemon Athletica Inc. has a 12-month low of $269.28 and a 12-month high of $399.90. The firm has a market capitalization of $42.99 billion, a P/E ratio of 73.28, a P/E/G ratio of 2.68 and a beta of 1.34. The business has a 50 day simple moving average of $323.54 and a 200 day simple moving average of $333.85.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Monday, March 29th. The apparel retailer reported $2.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.09. Lululemon Athletica had a return on equity of 28.68% and a net margin of 13.38%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. As a group, sell-side analysts forecast that Lululemon Athletica Inc. will post 6.47 EPS for the current fiscal year.
In other Lululemon Athletica news, CEO Calvin Mcdonald sold 3,000 shares of the business’s stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of $335.00, for a total transaction of $1,005,000.00. Following the completion of the transaction, the chief executive officer now owns 36,469 shares in the company, valued at approximately $12,217,115. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.39% of the company’s stock.
Several research firms have recently weighed in on LULU. Royal Bank of Canada began coverage on Lululemon Athletica in a research note on Friday, April 23rd. They issued an “outperform” rating and a $380.00 price objective on the stock. Morgan Stanley raised their target price on Lululemon Athletica from $386.00 to $394.00 and gave the company an “equal weight” rating in a report on Thursday, April 1st. Robert W. Baird dropped their target price on Lululemon Athletica from $425.00 to $395.00 and set an “outperform” rating on the stock in a report on Wednesday, March 31st. MKM Partners dropped their target price on Lululemon Athletica from $446.00 to $388.00 in a report on Wednesday, March 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Lululemon Athletica from $396.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, March 31st. Eleven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Lululemon Athletica presently has a consensus rating of “Buy” and an average price target of $383.94.
About Lululemon Athletica
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.
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