lululemon athletica inc. (NASDAQ:LULU) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 9.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,265 shares of the apparel retailer’s stock after purchasing an additional 283 shares during the period. International Assets Investment Management LLC’s holdings in lululemon athletica were worth $924,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of lululemon athletica by 95.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock valued at $1,854,160,000 after buying an additional 2,371,079 shares during the last quarter. Alliancebernstein L.P. lifted its position in lululemon athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after acquiring an additional 571,657 shares during the period. Geode Capital Management LLC grew its stake in lululemon athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock valued at $947,682,000 after purchasing an additional 10,461 shares during the last quarter. Capital World Investors increased its holdings in shares of lululemon athletica by 34.6% in the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock valued at $827,338,000 after purchasing an additional 556,406 shares during the period. Finally, Schroder Investment Management Group increased its holdings in shares of lululemon athletica by 31.0% in the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock valued at $681,163,000 after purchasing an additional 421,890 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

lululemon athletica Stock Performance

NASDAQ:LULU opened at $231.52 on Thursday. The stock has a market capitalization of $27.75 billion, a PE ratio of 15.69, a P/E/G ratio of 2.14 and a beta of 1.26. lululemon athletica inc. has a fifty-two week low of $219.97 and a fifty-two week high of $423.32. The company has a fifty day moving average of $280.23 and a two-hundred day moving average of $329.60.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LULU. Piper Sandler lifted their target price on lululemon athletica from $280.00 to $315.00 and gave the stock a “neutral” rating in a report on Tuesday, June 3rd. BTIG Research dropped their price objective on shares of lululemon athletica from $420.00 to $405.00 and set a “buy” rating on the stock in a report on Friday, June 6th. 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 note on Friday, June 6th. BMO Capital Markets reduced their target price on shares of lululemon athletica from $302.00 to $250.00 and set a “market perform” rating for the company in a report on Friday, June 6th. Finally, Truist Financial decreased their target price on shares of lululemon athletica from $297.00 to $290.00 and set a “buy” rating for the company in a research report on Friday, June 6th. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.