Focus Partners Advisor Solutions LLC acquired a new stake in lululemon athletica inc. (NASDAQ:LULU – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,416 shares of the apparel retailer’s stock, valued at approximately $401,000.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in lululemon athletica by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer’s stock worth $3,755,337,000 after purchasing an additional 157,764 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in lululemon athletica by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock worth $1,418,389,000 after purchasing an additional 162,295 shares in the last quarter. Flossbach Von Storch SE lifted its stake in lululemon athletica by 10.3% during the first quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer’s stock worth $396,818,000 after purchasing an additional 130,565 shares in the last quarter. Invesco Ltd. lifted its stake in lululemon athletica by 7.2% during the first quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer’s stock worth $392,777,000 after purchasing an additional 93,530 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in lululemon athletica by 12.1% during the first quarter. American Century Companies Inc. now owns 1,301,017 shares of the apparel retailer’s stock worth $368,266,000 after purchasing an additional 139,944 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.
lululemon athletica Price Performance
NASDAQ:LULU opened at $167.80 on Friday. The firm has a market capitalization of $20.11 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.77 and a beta of 1.12. The business’s fifty day moving average price is $212.64 and its 200 day moving average price is $266.09. lululemon athletica inc. has a 12 month low of $163.98 and a 12 month high of $423.32.
Insider Buying and Selling
In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares of the company’s stock, valued at $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Telsey Advisory Group restated a “market perform” rating and set a $200.00 price target (down from $360.00) on shares of lululemon athletica in a research note on Friday. Robert W. Baird cut their price objective on lululemon athletica from $260.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday. Barclays cut their price objective on lululemon athletica from $209.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday. UBS Group cut their price objective on lululemon athletica from $240.00 to $185.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Truist Financial lowered lululemon athletica from a “buy” rating to a “hold” rating and set a $170.00 price objective on the stock. in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $245.79.
Check Out Our Latest Analysis on lululemon athletica
lululemon athletica Profile
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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