Brookstone Capital Management Sells 35 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Brookstone Capital Management lowered its position in Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 566 shares of the apparel retailer’s stock after selling 35 shares during the period. Brookstone Capital Management’s holdings in Lululemon Athletica were worth $289,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LULU. MetLife Investment Management LLC bought a new stake in Lululemon Athletica during the first quarter valued at about $2,696,000. Panagora Asset Management Inc. grew its holdings in Lululemon Athletica by 48.4% during the first quarter. Panagora Asset Management Inc. now owns 1,647 shares of the apparel retailer’s stock valued at $602,000 after purchasing an additional 537 shares during the period. Yousif Capital Management LLC grew its holdings in Lululemon Athletica by 2.5% during the first quarter. Yousif Capital Management LLC now owns 4,022 shares of the apparel retailer’s stock valued at $1,469,000 after purchasing an additional 100 shares during the period. Raymond James Trust N.A. grew its holdings in Lululemon Athletica by 6.5% during the first quarter. Raymond James Trust N.A. now owns 1,251 shares of the apparel retailer’s stock valued at $457,000 after purchasing an additional 76 shares during the period. Finally, Prudential PLC purchased a new position in shares of Lululemon Athletica in the first quarter valued at about $774,000. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. BNP Paribas downgraded Lululemon Athletica from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $430.00 to $415.00 in a research report on Friday, February 9th. BMO Capital Markets boosted their price objective on Lululemon Athletica from $408.00 to $420.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Stifel Nicolaus restated a “buy” rating and issued a $539.00 price objective (down from $596.00) on shares of Lululemon Athletica in a research report on Friday, March 22nd. Guggenheim lowered their price objective on 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 decreased their target price on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $493.66.

Get Our Latest Stock Analysis on LULU

Lululemon Athletica Stock Performance

LULU opened at $386.14 on Wednesday. The stock has a market cap of $48.73 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 1.42 and a beta of 1.33. The stock’s 50 day moving average price is $461.28 and its 200-day moving average price is $442.40. Lululemon Athletica Inc. has a one year low of $310.41 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last announced 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. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the prior year, the firm earned $4.40 earnings per share. Lululemon Athletica’s revenue was up 15.6% compared to the same quarter last year. As a group, analysts predict that Lululemon Athletica Inc. will post 14.19 earnings per share for the current fiscal year.

Lululemon Athletica declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the apparel retailer to buy up to 1.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

Lululemon Athletica Profile

(Free Report)

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

Further Reading

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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