We Are One Seven LLC lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 5.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,898 shares of the apparel retailer’s stock after purchasing an additional 104 shares during the quarter. We Are One Seven LLC’s holdings in Lululemon Athletica were worth $743,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of LULU. Amundi Pioneer Asset Management Inc. raised its stake in shares of Lululemon Athletica by 6.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 72,706 shares of the apparel retailer’s stock worth $11,914,000 after buying an additional 4,589 shares during the last quarter. Planning Alternatives Ltd. ADV acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at approximately $743,000. Truist Financial Corp raised its position in shares of Lululemon Athletica by 13.3% during the 3rd quarter. Truist Financial Corp now owns 57,221 shares of the apparel retailer’s stock valued at $23,158,000 after acquiring an additional 6,708 shares in the last quarter. Moors & Cabot Inc. bought a new position in Lululemon Athletica during the 3rd quarter worth $291,000. Finally, Advisory Services Network LLC grew its stake in shares of Lululemon Athletica by 104.4% in the third quarter. Advisory Services Network LLC now owns 5,618 shares of the apparel retailer’s stock worth $2,273,000 after purchasing an additional 2,869 shares in the last quarter. 85.48% of the stock is currently owned by hedge funds and other institutional investors.
LULU stock opened at $364.67 on Thursday. The company has a fifty day moving average price of $344.09 and a 200 day moving average price of $374.51. Lululemon Athletica Inc. has a 12 month low of $278.00 and a 12 month high of $485.83. The company has a market cap of $46.64 billion, a price-to-earnings ratio of 48.62, a price-to-earnings-growth ratio of 1.93 and a beta of 1.29.
Lululemon Athletica announced that its Board of Directors has approved a stock buyback plan on Tuesday, March 29th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the apparel retailer to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
A number of equities research analysts have recently weighed in on the company. Credit Suisse Group cut their price target on Lululemon Athletica from $465.00 to $450.00 and set an “outperform” rating for the company in a research note on Wednesday, March 30th. TheStreet raised Lululemon Athletica from a “c+” rating to a “b” rating in a report on Monday, April 11th. Robert W. Baird raised their target price on Lululemon Athletica from $425.00 to $450.00 in a research report on Wednesday, March 30th. Morgan Stanley lifted their target price on Lululemon Athletica from $300.00 to $339.00 and gave the company an “equal weight” rating in a research note on Thursday, April 21st. Finally, Barclays lifted their price objective on Lululemon Athletica from $410.00 to $441.00 and gave the stock an “overweight” rating in a research note on Thursday, March 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Buy” and an average target price of $444.69.
Lululemon Athletica Company Profile (Get Rating)
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.
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