Clean Yield Group Boosts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Clean Yield Group boosted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 41.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,876 shares of the apparel retailer’s stock after purchasing an additional 3,173 shares during the period. Clean Yield Group’s holdings in Lululemon Athletica were worth $3,079,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LULU. Brighton Jones LLC purchased a new position in Lululemon Athletica during the fourth quarter worth about $429,000. DAVENPORT & Co LLC raised its stake in Lululemon Athletica by 26.6% during the fourth quarter. DAVENPORT & Co LLC now owns 957 shares of the apparel retailer’s stock worth $366,000 after purchasing an additional 201 shares during the period. Mather Group LLC. raised its stake in Lululemon Athletica by 21.1% during the fourth quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock worth $68,000 after purchasing an additional 31 shares during the period. Robertson Stephens Wealth Management LLC purchased a new position in Lululemon Athletica during the fourth quarter worth about $250,000. Finally, Bleakley Financial Group LLC raised its stake in Lululemon Athletica by 9.7% during the fourth quarter. Bleakley Financial Group LLC now owns 1,016 shares of the apparel retailer’s stock worth $389,000 after purchasing an additional 90 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on LULU. Jefferies Financial Group dropped their price target on shares of Lululemon Athletica from $220.00 to $200.00 and set an “underperform” rating for the company in a research report on Friday. The Goldman Sachs Group dropped their price target on shares of Lululemon Athletica from $363.00 to $302.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Argus cut shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Wells Fargo & Company reiterated an “equal weight” rating on shares of Lululemon Athletica in a research report on Friday. Finally, Piper Sandler lifted their price target on shares of Lululemon Athletica from $280.00 to $315.00 and gave the company a “neutral” rating in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $344.96.

Lululemon Athletica Trading Down 19.8%

Shares of NASDAQ:LULU opened at $265.27 on Friday. The company has a market capitalization of $32.00 billion, a PE ratio of 19.15, a P/E/G ratio of 2.22 and a beta of 1.26. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The firm has a 50 day simple moving average of $285.93 and a 200-day simple moving average of $338.08.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting the consensus estimate of $2.60. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.54 EPS. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.