B. Metzler seel. Sohn & Co. AG cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,946 shares of the apparel retailer's stock after selling 1,145 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Lululemon Athletica were worth $2,657,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in LULU. Alliancebernstein L.P. lifted its position in Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after purchasing an additional 571,657 shares during the last quarter. C M Bidwell & Associates Ltd. raised its holdings in shares of Lululemon Athletica by 42.4% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 1,203 shares of the apparel retailer's stock valued at $460,000 after acquiring an additional 358 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Lululemon Athletica by 88.1% in the 4th quarter. Meeder Asset Management Inc. now owns 14,836 shares of the apparel retailer's stock worth $5,673,000 after purchasing an additional 6,947 shares during the period. AIA Group Ltd bought a new stake in Lululemon Athletica during the 4th quarter valued at approximately $1,872,000. Finally, O Shaughnessy Asset Management LLC grew its stake in Lululemon Athletica by 39.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,093 shares of the apparel retailer's stock worth $2,712,000 after purchasing an additional 2,011 shares during the period. Hedge funds and other institutional investors own 85.20% of the company's stock.
Wall Street Analyst Weigh In
LULU has been the topic of a number of recent analyst reports. Telsey Advisory Group dropped their price target on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Truist Financial lowered their price objective 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. Stifel Nicolaus dropped their target price on shares of Lululemon Athletica from $438.00 to $424.00 and set a "buy" rating for the company in a report on Friday, March 28th. UBS Group cut their price objective on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a report on Friday, March 28th. Finally, Needham & Company LLC decreased their target price on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $378.31.
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Lululemon Athletica Stock Performance
Shares of LULU stock traded up $8.05 on Friday, hitting $263.70. 8,366,117 shares of the stock traded hands, compared to its average volume of 2,199,113. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The firm's 50-day moving average price is $353.59 and its two-hundred day moving average price is $339.47. The stock has a market capitalization of $32.11 billion, a PE ratio of 19.04, a PEG ratio of 2.22 and a beta of 1.31.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica's revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $5.29 EPS. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.
Lululemon Athletica Profile
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Free Report)
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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