Benjamin F. Edwards & Company Inc. Invests $56,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Benjamin F. Edwards & Company Inc. bought a new position in Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) during the first quarter, Holdings Channel.com reports. The firm bought 152 shares of the apparel retailer’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp boosted its stake in shares of Lululemon Athletica by 1.4% in the 4th quarter. State Street Corp now owns 2,824,073 shares of the apparel retailer’s stock worth $1,105,483,000 after buying an additional 39,700 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Lululemon Athletica by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,537,635 shares of the apparel retailer’s stock worth $601,108,000 after buying an additional 28,413 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Lululemon Athletica by 5.4% in the 4th quarter. American Century Companies Inc. now owns 1,297,884 shares of the apparel retailer’s stock worth $508,057,000 after purchasing an additional 65,963 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Lululemon Athletica by 1.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,219,838 shares of the apparel retailer’s stock worth $477,506,000 after purchasing an additional 15,914 shares during the period. Finally, Norges Bank bought a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $393,224,000. Hedge funds and other institutional investors own 85.48% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $310.01 on Tuesday. Lululemon Athletica Inc. has a 52-week low of $251.51 and a 52-week high of $485.83. The firm has a fifty day moving average of $287.98 and a 200 day moving average of $315.34. The firm has a market capitalization of $39.57 billion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULUGet Rating) last posted its quarterly earnings results on Thursday, June 2nd. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.05. Lululemon Athletica had a net margin of 15.36% and a return on equity of 39.23%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The company’s revenue was up 31.6% on a year-over-year basis. On average, sell-side analysts forecast that Lululemon Athletica Inc. will post 9.44 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Kourtney Gibson purchased 200 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was acquired at an average cost of $280.12 per share, for a total transaction of $56,024.00. Following the completion of the transaction, the director now directly owns 1,302 shares in the company, valued at approximately $364,716.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of research reports. BTIG Research lowered their price target on shares of Lululemon Athletica from $420.00 to $402.00 and set a “buy” rating on the stock in a report on Thursday, July 21st. Credit Suisse Group lowered their price target on shares of Lululemon Athletica from $450.00 to $410.00 and set an “outperform” rating on the stock in a report on Friday, June 3rd. BMO Capital Markets lowered their price target on shares of Lululemon Athletica from $344.00 to $304.00 in a report on Friday, June 3rd. Truist Financial raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and boosted their target price for the company from $390.00 to $495.00 in a report on Tuesday, April 19th. Finally, Piper Sandler reissued a “neutral” rating and set a $310.00 target price on shares of Lululemon Athletica in a report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.61.

About Lululemon Athletica

(Get Rating)

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in 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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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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