Recently, several institutional investors increased or started owning shares in Lululemon Athletica. Fisher Asset Management raised its stake by 6.1% and now holds 6,296 shares worth about $3.22 million. Mather Group bought a new stake worth around $48,000. Banque Cantonale Vaudoise increased its shares by 66.4% to own 7,316 shares estimated at $2.86 million. RFG Advisory grew its position by 6% and owns 1,547 shares worth $604,000. Gulf International Bank also raised its stake by 7% to own 1,149 shares valued at $448,000. Overall, hedge funds and institutions own 85.20% of the stock.
Analysts Set New Price Targets
Analysts have updated their price targets for Lululemon shares. UBS reduced its target from $385 to $315, rating it “neutral.” Sanford C. Bernstein lowered its target from $345 to $325 with a “market perform” rating. Guggenheim cut its target from $525 to $350, maintaining a “buy” rating. TD Securities raised its target from $375 to $382 with a “buy” rating, while Bank of America lowered its target from $440 to $355, also giving a “buy” rating. Two analysts rated the stock as “sell,” nine as “hold,” and twenty as “buy.” The consensus rating is “Moderate Buy” with a target price of $354.55 according to MarketBeat.
Check Out Our Latest Stock Analysis on Lululemon Athletica
Lululemon Athletica Price Performance
NASDAQ LULU opened at $283.71 on Friday. It has a 50-day moving average of $263.98 and a 200-day average of $297.29. The market cap is $35.46 billion with a P/E ratio of 22.75. Lululemon’s one-year low is $226.01, and the high is $516.39.
The company reported a quarterly earnings of $3.15 per share, exceeding estimates of $2.93, and earned $2.40 billion in revenue. This is a 9.1% increase year-over-year. Analysts project earnings of $14.02 per share for the fiscal year.
Insider Activity at Lululemon Athletica
CEO Calvin McDonald bought 4,000 shares at $260 each, totaling $1.04 million, increasing his ownership to 89,922 shares worth about $23.38 million. Also, insider Nicole Neuburger sold 486 shares at $269.59, amounting to $131,020.74. Insiders hold 0.48% of the company’s stock.
Lululemon Athletica Company Profile
Lululemon Athletica Inc. designs and sells athletic apparel for men and women, focusing on clothing for yoga, running, and other activities.
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