Chevy Chase Trust Holdings LLC Sells 520 Shares of lululemon athletica inc. (NASDAQ:LULU)

Chevy Chase Trust Holdings LLC lessened its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,761 shares of the apparel retailer’s stock after selling 520 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in lululemon athletica were worth $16,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. TCTC Holdings LLC bought a new position in lululemon athletica during the fourth quarter valued at approximately $26,000. Anderson Financial Strategies LLC purchased a new position in shares of lululemon athletica in the fourth quarter valued at $30,000. Bradley & Co. Private Wealth Management LLC bought a new stake in lululemon athletica in the fourth quarter worth $32,000. MV Capital Management Inc. raised its stake in lululemon athletica by 66.1% during the fourth quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 37 shares in the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of lululemon athletica in the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

lululemon athletica Trading Down 0.6%

LULU opened at $231.52 on Thursday. The company has a market capitalization of $27.75 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 2.14 and a beta of 1.26. lululemon athletica inc. has a 12-month low of $219.97 and a 12-month high of $423.32. The business’s fifty day simple moving average is $280.23 and its 200-day simple moving average is $329.60.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.60. The company 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 firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.54 earnings per share. On average, equities research analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on LULU shares. JPMorgan Chase & Co. dropped their price target on lululemon athletica from $389.00 to $303.00 and set an “overweight” rating for the company in a research report on Friday, June 6th. Robert W. Baird lowered their price objective on lululemon athletica from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, June 6th. KeyCorp cut their target price on lululemon athletica from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, June 6th. Truist Financial lowered their price target on lululemon athletica from $297.00 to $290.00 and set a “buy” rating for the company in a research report on Friday, June 6th. Finally, William Blair reiterated an “outperform” rating on shares of lululemon athletica in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, lululemon athletica has an average rating of “Moderate Buy” and an average target price of $340.26.

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.