Sequoia Financial Advisors LLC Raises Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Sequoia Financial Advisors LLC increased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 42.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,710 shares of the apparel retailer’s stock after buying an additional 805 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Lululemon Athletica were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in LULU. Alliancebernstein L.P. raised its position in shares of Lululemon Athletica by 1,462.6% in the 2nd quarter. Alliancebernstein L.P. now owns 1,093,563 shares of the apparel retailer’s stock worth $413,914,000 after buying an additional 1,023,578 shares during the period. International Assets Investment Management LLC raised its position in shares of Lululemon Athletica by 51,219.6% in the 4th quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock worth $351,868,000 after buying an additional 686,855 shares during the period. Morgan Stanley raised its position in shares of Lululemon Athletica by 29.2% in the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after buying an additional 437,069 shares during the period. Schonfeld Strategic Advisors LLC increased its holdings in Lululemon Athletica by 7,310.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 364,318 shares of the apparel retailer’s stock valued at $116,720,000 after purchasing an additional 359,402 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Lululemon Athletica by 20.0% in the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock valued at $719,198,000 after purchasing an additional 310,347 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LULU shares. Truist Financial lowered their price target on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a report on Monday, March 25th. Morgan Stanley lowered their price target on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Barclays lowered their price target on Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. JPMorgan Chase & Co. lowered their price target on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Finally, Jefferies Financial Group lowered their price target on Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating for the company in a report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $485.39.

Lululemon Athletica Stock Down 3.9 %

Shares of NASDAQ LULU opened at $336.13 on Friday. The firm’s 50-day moving average price is $432.00 and its two-hundred day moving average price is $440.13. Lululemon Athletica Inc. has a 52-week low of $326.93 and a 52-week high of $516.39. The stock has a market capitalization of $42.36 billion, a P/E ratio of 27.53, a P/E/G ratio of 1.19 and a beta of 1.30.

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

Insiders Place Their Bets

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the acquisition, the director now directly owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

About Lululemon Athletica

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.