National Pension Service Boosts Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

National Pension Service boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 218,112 shares of the apparel retailer’s stock after acquiring an additional 4,935 shares during the quarter. National Pension Service owned about 0.17% of Lululemon Athletica worth $111,518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Everpar Advisors LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $319,000. Barlow Wealth Partners Inc. acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth $12,978,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lululemon Athletica by 61.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 653,391 shares of the apparel retailer’s stock valued at $334,072,000 after acquiring an additional 249,232 shares in the last quarter. Aviance Capital Partners LLC increased its stake in shares of Lululemon Athletica by 100.9% during the fourth quarter. Aviance Capital Partners LLC now owns 4,181 shares of the apparel retailer’s stock worth $2,138,000 after acquiring an additional 2,100 shares during the period. Finally, Apollon Wealth Management LLC raised its holdings in Lululemon Athletica by 73.8% during the fourth quarter. Apollon Wealth Management LLC now owns 2,605 shares of the apparel retailer’s stock worth $1,332,000 after purchasing an additional 1,106 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LULU. TD Cowen lowered their price objective on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Barclays lowered Lululemon Athletica from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $546.00 to $395.00 in a report on Monday, April 29th. Telsey Advisory Group reissued an “outperform” rating and issued a $550.00 target price on shares of Lululemon Athletica in a report on Friday, March 22nd. Guggenheim decreased their target price on shares of Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Finally, Truist Financial cut their price target on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a report on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $474.79.

Lululemon Athletica Stock Performance

NASDAQ LULU traded down $4.24 during mid-day trading on Wednesday, reaching $345.61. 1,352,566 shares of the stock were exchanged, compared to its average volume of 1,740,204. The stock has a market capitalization of $43.55 billion, a PE ratio of 28.31, a PEG ratio of 1.25 and a beta of 1.30. Lululemon Athletica Inc. has a 1-year low of $326.93 and a 1-year high of $516.39. The business’s fifty day simple moving average is $396.53 and its 200 day simple moving average is $437.09.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.00 by $0.29. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.40 earnings per share. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the acquisition, the director now directly owns 500 shares in the company, valued at $194,645. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company’s stock.

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.