3,275 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Allstate Corp

Allstate Corp purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,275 shares of the apparel retailer's stock, valued at approximately $1,252,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LULU. Geode Capital Management LLC raised its position in Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock valued at $669,036,000 after purchasing an additional 44,294 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in Lululemon Athletica in the fourth quarter worth $370,062,000. Pictet Asset Management Holding SA boosted its holdings in Lululemon Athletica by 20.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 903,909 shares of the apparel retailer's stock valued at $345,664,000 after acquiring an additional 152,965 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Lululemon Athletica by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer's stock valued at $275,111,000 after purchasing an additional 17,119 shares during the period. Finally, Amundi raised its holdings in Lululemon Athletica by 2.9% in the 4th quarter. Amundi now owns 666,691 shares of the apparel retailer's stock worth $261,956,000 after purchasing an additional 18,861 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Lululemon Athletica stock traded up $3.12 during mid-day trading on Wednesday, reaching $282.75. 2,280,337 shares of the stock traded hands, 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 business's 50-day moving average is $360.96 and its 200-day moving average is $340.47. The stock has a market capitalization of $34.43 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Argus lowered shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Telsey Advisory Group lowered their target price on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. BMO Capital Markets dropped their price target on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a research report on Friday, March 28th. Finally, Truist Financial lowered their price objective on Lululemon Athletica from $460.00 to $380.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica currently has an average rating of "Moderate Buy" and a consensus price target of $380.72.

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.