UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $229.39 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 845,375 shares of the apparel retailer’s stock after selling 29,237 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.69% of Lululemon Athletica worth $229,393,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB acquired a new position in Lululemon Athletica in the first quarter valued at approximately $19,103,000. Cetera Investment Advisers lifted its stake in shares of Lululemon Athletica by 101.3% in the 1st quarter. Cetera Investment Advisers now owns 30,367 shares of the apparel retailer’s stock valued at $11,863,000 after purchasing an additional 15,279 shares during the period. Cetera Advisors LLC boosted its position in shares of Lululemon Athletica by 148.6% in the 1st quarter. Cetera Advisors LLC now owns 8,217 shares of the apparel retailer’s stock worth $3,210,000 after purchasing an additional 4,912 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Lululemon Athletica by 125.7% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 22,574 shares of the apparel retailer’s stock worth $8,818,000 after purchasing an additional 12,574 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in Lululemon Athletica by 52.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 48,680 shares of the apparel retailer’s stock valued at $18,820,000 after purchasing an additional 16,755 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $320.66 on Friday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39. The stock has a market cap of $39.37 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 2.32 and a beta of 1.24. The firm’s 50-day moving average is $297.19 and its 200-day moving average is $287.88.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the company posted $2.68 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 4.66 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the subject of several analyst reports. KeyCorp decreased their target price on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Piper Sandler upped their target price on shares of Lululemon Athletica from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Evercore ISI reissued an “outperform” rating and set a $300.00 price target on shares of Lululemon Athletica in a research report on Monday, August 26th. Truist Financial upped their price objective on shares of Lululemon Athletica from $310.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Bank of America decreased their target price on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $356.03.

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.