Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Bokf Na

Bokf Na lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 72.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,406 shares of the apparel retailer’s stock after selling 3,666 shares during the quarter. Bokf Na’s holdings in Lululemon Athletica were worth $556,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TCTC Holdings LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth $26,000. Anderson Financial Strategies LLC acquired a new position in Lululemon Athletica during the fourth quarter worth about $30,000. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica in the 4th quarter worth approximately $32,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $279.89 on Friday. The stock has a market cap of $33.77 billion, a PE ratio of 20.21, a P/E/G ratio of 2.22 and a beta of 1.30. The stock’s fifty day moving average is $288.50 and its two-hundred day moving average is $337.17. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last issued its 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 analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $5.29 EPS. On average, research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler reduced their price objective on Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. BMO Capital Markets dropped their price objective on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a report on Friday, March 28th. Stifel Nicolaus decreased their target price on shares of Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Needham & Company LLC dropped their price target on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, March 26th. Finally, UBS Group decreased their price objective on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $369.86.

Lululemon Athletica Company 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.