1,454 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Allianz SE

Allianz SE purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,454 shares of the apparel retailer's stock, valued at approximately $558,000.

A number of other institutional investors have also recently made changes to their positions in LULU. Beacon Capital Management LLC increased its position in Lululemon Athletica by 6.9% in the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after buying an additional 24 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Lululemon Athletica by 0.7% in the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after purchasing an additional 25 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock valued at $389,000 after purchasing an additional 26 shares during the period. Capital Advisors Ltd. LLC raised its holdings in Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after buying an additional 28 shares during the last quarter. Finally, LGT Fund Management Co Ltd. lifted its stake in shares of Lululemon Athletica by 3.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock valued at $356,000 after buying an additional 30 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LULU shares. Bank of America decreased their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Truist Financial cut their target price on Lululemon Athletica from $460.00 to $380.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Telsey Advisory Group lowered their price target on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Finally, William Blair reiterated an "outperform" rating on shares of Lululemon Athletica in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company's stock. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and an average price target of $380.72.

Lululemon Athletica Stock Up 1.1 %

LULU traded up $3.12 during trading on Wednesday, reaching $282.75. 2,280,337 shares of the company were exchanged, compared to its average volume of 2,160,307. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The company's 50-day moving average is $360.96 and its two-hundred day moving average is $340.47. The company has a market cap of $34.43 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.85 by $0.29. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $5.29 earnings per share. Equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

About Lululemon Athletica

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.