Beacon Capital Management LLC Decreases Stock Holdings in lululemon athletica inc. (NASDAQ:LULU)

Beacon Capital Management LLC decreased its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 12.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 327 shares of the apparel retailer’s stock after selling 45 shares during the quarter. Beacon Capital Management LLC’s holdings in lululemon athletica were worth $93,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. State of Alaska Department of Revenue raised its stake in lululemon athletica by 60.2% during the first quarter. State of Alaska Department of Revenue now owns 20,630 shares of the apparel retailer’s stock valued at $5,838,000 after purchasing an additional 7,750 shares in the last quarter. CWA Asset Management Group LLC increased its position in lululemon athletica by 7.0% during the first quarter. CWA Asset Management Group LLC now owns 913 shares of the apparel retailer’s stock valued at $258,000 after acquiring an additional 60 shares during the last quarter. Dunhill Financial LLC increased its position in lululemon athletica by 650.0% during the first quarter. Dunhill Financial LLC now owns 135 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 117 shares during the last quarter. Bender Robert & Associates increased its position in lululemon athletica by 18.5% during the first quarter. Bender Robert & Associates now owns 44,961 shares of the apparel retailer’s stock valued at $12,727,000 after acquiring an additional 7,028 shares during the last quarter. Finally, Shepherd Financial Partners LLC increased its position in lululemon athletica by 4.8% during the first quarter. Shepherd Financial Partners LLC now owns 3,706 shares of the apparel retailer’s stock valued at $1,049,000 after acquiring an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LULU. Jefferies Financial Group cut their price objective on shares of lululemon athletica from $220.00 to $200.00 and set an “underperform” rating on the stock in a research report on Friday, June 6th. Needham & Company LLC cut their price objective on shares of lululemon athletica from $366.00 to $317.00 and set a “buy” rating on the stock in a research report on Friday, June 6th. Robert W. Baird cut their price objective on shares of lululemon athletica from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, June 6th. Piper Sandler boosted their price objective 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. Finally, Stifel Nicolaus cut their price objective on shares of lululemon athletica from $353.00 to $324.00 and set a “buy” rating on the stock in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.26.

lululemon athletica Price Performance

Shares of lululemon athletica stock opened at $235.20 on Wednesday. lululemon athletica inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The firm’s 50-day moving average is $283.86 and its two-hundred day moving average is $334.58. The stock has a market cap of $28.19 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.22 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting the consensus estimate of $2.60. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.54 earnings per share. On average, equities analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current 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.