Stifel Financial Corp Has $32.92 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Stifel Financial Corp grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 30.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,085 shares of the apparel retailer's stock after purchasing an additional 20,114 shares during the period. Stifel Financial Corp owned approximately 0.07% of Lululemon Athletica worth $32,920,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. boosted its holdings in Lululemon Athletica by 900.0% in the third quarter. Westside Investment Management Inc. now owns 300 shares of the apparel retailer's stock worth $81,000 after acquiring an additional 270 shares in the last quarter. Anchor Investment Management LLC lifted its holdings in shares of Lululemon Athletica by 17.4% in the 3rd quarter. Anchor Investment Management LLC now owns 4,582 shares of the apparel retailer's stock worth $1,243,000 after purchasing an additional 680 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position in Lululemon Athletica by 964.2% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,058 shares of the apparel retailer's stock valued at $3,815,000 after purchasing an additional 12,737 shares during the period. World Investment Advisors LLC bought a new stake in Lululemon Athletica during the 3rd quarter valued at $15,038,000. Finally, Sfmg LLC acquired a new position in Lululemon Athletica during the third quarter worth $2,984,000. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Trading Up 1.6 %

Lululemon Athletica stock opened at $265.89 on Thursday. The firm has a 50 day simple moving average of $309.91 and a 200 day simple moving average of $338.09. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The firm has a market capitalization of $32.08 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 2.22 and a beta of 1.31.

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 for the quarter, beating the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $5.29 earnings per share. On average, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Piper Sandler decreased their price objective on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Needham & Company LLC cut 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. Bank of America decreased their price target on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, KeyCorp cut their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $372.28.

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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