Ethic Inc. Grows Stock Position in lululemon athletica inc. $LULU

Ethic Inc. grew its holdings in lululemon athletica inc. (NASDAQ:LULU) by 18.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,325 shares of the apparel retailer’s stock after buying an additional 1,442 shares during the period. Ethic Inc.’s holdings in lululemon athletica were worth $2,608,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of lululemon athletica by 95.7% in the 4th 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 acquiring an additional 2,371,079 shares during the period. GAMMA Investing LLC increased its holdings in lululemon athletica by 37,062.1% in the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer’s stock valued at $159,364,000 after purchasing an additional 561,491 shares during the last quarter. Capital World Investors raised its position in 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. Nuveen LLC purchased a new stake in lululemon athletica in the first quarter valued at approximately $123,894,000. Finally, Ameriprise Financial Inc. lifted its stake in lululemon athletica by 128.2% during the fourth quarter. Ameriprise Financial Inc. now owns 706,300 shares of the apparel retailer’s stock worth $270,223,000 after purchasing an additional 396,732 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares of the company’s stock, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LULU. Needham & Company LLC cut their price objective on lululemon athletica from $366.00 to $317.00 and set a “buy” rating on the stock in a report on Friday, June 6th. CICC Research reaffirmed a “market perform” rating and issued a $280.49 target price on shares of lululemon athletica in a research report on Monday, June 9th. Truist Financial reduced their price target on shares of lululemon athletica from $297.00 to $290.00 and set a “buy” rating on the stock in a research report on Friday, June 6th. Jefferies Financial Group dropped their price objective on shares of lululemon athletica from $220.00 to $200.00 and set an “underperform” rating for the company in a report on Friday, June 6th. Finally, Piper Sandler cut their target price on shares of lululemon athletica from $270.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, lululemon athletica presently has an average rating of “Moderate Buy” and an average price target of $327.15.

lululemon athletica Stock Performance

Shares of NASDAQ:LULU opened at $198.46 on Monday. The stock has a market capitalization of $23.79 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.69 and a beta of 1.16. lululemon athletica inc. has a 1-year low of $185.95 and a 1-year high of $423.32. The company has a 50 day moving average price of $224.16 and a 200 day moving average price of $284.87.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting analysts’ consensus estimates of $2.60. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.54 EPS. On average, sell-side analysts expect 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.