Truist Financial Corp Boosts Stock Position in lululemon athletica inc. $LULU

Truist Financial Corp raised its stake in lululemon athletica inc. (NASDAQ:LULU) by 48.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,334 shares of the apparel retailer’s stock after purchasing an additional 6,974 shares during the period. Truist Financial Corp’s holdings in lululemon athletica were worth $4,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LULU. Vanguard Group Inc. grew its stake in lululemon athletica by 3.9% in the third quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock valued at $2,452,394,000 after purchasing an additional 521,915 shares during the last quarter. Invesco Ltd. grew its stake in lululemon athletica by 28.7% in the third quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock valued at $391,544,000 after purchasing an additional 490,127 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of lululemon athletica by 321.2% during the third quarter. Victory Capital Management Inc. now owns 497,689 shares of the apparel retailer’s stock worth $88,554,000 after acquiring an additional 379,536 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of lululemon athletica by 32.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,311,664 shares of the apparel retailer’s stock worth $233,394,000 after acquiring an additional 319,934 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of lululemon athletica by 255.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 438,461 shares of the apparel retailer’s stock worth $91,117,000 after acquiring an additional 315,150 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling at lululemon athletica

In other lululemon athletica news, Director Charles V. Bergh purchased 6,090 shares of the stock in a transaction dated Friday, March 20th. The stock was acquired at an average cost of $164.20 per share, for a total transaction of $999,978.00. Following the acquisition, the director owned 6,090 shares in the company, valued at $999,978. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andre Maestrini purchased 3,275 shares of the stock in a transaction dated Wednesday, April 1st. The shares were acquired at an average price of $151.02 per share, with a total value of $494,590.50. Following the completion of the acquisition, the chief executive officer owned 34,551 shares in the company, valued at approximately $5,217,892.02. This trade represents a 10.47% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LULU shares. Jefferies Financial Group dropped their target price on lululemon athletica from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Wells Fargo & Company dropped their target price on lululemon athletica from $175.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 18th. JPMorgan Chase & Co. dropped their target price on lululemon athletica from $196.00 to $173.00 in a research report on Wednesday, May 6th. Citigroup dropped their target price on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. Finally, BNP Paribas Exane dropped their target price on lululemon athletica from $206.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twenty-eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, lululemon athletica presently has a consensus rating of “Hold” and a consensus price target of $203.80.

lululemon athletica Stock Performance

NASDAQ LULU opened at $131.18 on Monday. The business has a fifty day moving average price of $159.15 and a 200 day moving average price of $176.79. lululemon athletica inc. has a one year low of $127.80 and a one year high of $340.25. The company has a market cap of $15.83 billion, a P/E ratio of 9.86, a P/E/G ratio of 4.03 and a beta of 0.90.

lululemon athletica (NASDAQ:LULU) last issued its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.23. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $6.14 EPS. As a group, sell-side analysts predict that lululemon athletica inc. will post 12.3 EPS for the current fiscal year.

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.