PFG Investments LLC Sells 100 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

PFG Investments LLC cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 569 shares of the apparel retailer’s stock after selling 100 shares during the period. PFG Investments LLC’s holdings in Lululemon Athletica were worth $291,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LULU. Alliancebernstein L.P. lifted its stake in Lululemon Athletica by 1,462.6% during the 2nd quarter. Alliancebernstein L.P. now owns 1,093,563 shares of the apparel retailer’s stock valued at $413,914,000 after acquiring an additional 1,023,578 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in Lululemon Athletica by 953,929.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 448,394 shares of the apparel retailer’s stock valued at $169,717,000 after acquiring an additional 448,347 shares in the last quarter. Morgan Stanley lifted its stake in Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after acquiring an additional 437,069 shares in the last quarter. Holocene Advisors LP lifted its stake in Lululemon Athletica by 3,139.4% during the 2nd quarter. Holocene Advisors LP now owns 436,509 shares of the apparel retailer’s stock valued at $165,219,000 after acquiring an additional 423,034 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in Lululemon Athletica by 7,310.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 364,318 shares of the apparel retailer’s stock valued at $116,720,000 after acquiring an additional 359,402 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $390.65 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39. The stock has a 50 day moving average price of $458.01 and a two-hundred day moving average price of $441.95. The company has a market capitalization of $49.30 billion, a P/E ratio of 31.99, a PEG ratio of 1.36 and a beta of 1.33.

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 for the quarter, beating 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 firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the company posted $4.40 earnings per share. The business’s revenue was up 15.6% on a year-over-year basis. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Lululemon Athletica announced that its Board of Directors has authorized a stock buyback 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 purchase up to 1.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of Lululemon Athletica stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the purchase, the director now owns 500 shares of the company’s stock, valued at $194,645. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Piper Sandler decreased their target price on Lululemon Athletica from $560.00 to $525.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Roth Capital raised their target price on Lululemon Athletica from $450.00 to $540.00 and gave the company an “outperform” rating in a research report on Friday, December 8th. Needham & Company LLC decreased their target price on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Guggenheim decreased their target price on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, BNP Paribas lowered Lululemon Athletica from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $430.00 to $415.00 in a research report on Friday, February 9th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $493.66.

Read Our Latest Research Report on Lululemon Athletica

Lululemon Athletica Company 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.

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

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