Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. grew its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 129.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 569 shares of the apparel retailer’s stock after acquiring an additional 321 shares during the quarter. First Horizon Advisors Inc.’s holdings in Lululemon Athletica were worth $173,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Lululemon Athletica by 4.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,981,172 shares of the apparel retailer’s stock valued at $2,777,687,000 after acquiring an additional 329,451 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Lululemon Athletica by 1.0% in the 1st quarter. BlackRock Inc. now owns 7,861,628 shares of the apparel retailer’s stock valued at $2,411,238,000 after acquiring an additional 77,149 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of Lululemon Athletica by 3.5% in the 4th quarter. WCM Investment Management LLC now owns 5,230,699 shares of the apparel retailer’s stock valued at $1,820,440,000 after acquiring an additional 175,943 shares during the last quarter. Morgan Stanley increased its holdings in shares of Lululemon Athletica by 7.7% in the 4th quarter. Morgan Stanley now owns 1,925,210 shares of the apparel retailer’s stock valued at $670,030,000 after acquiring an additional 138,438 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Lululemon Athletica by 2.2% in the 4th quarter. Northern Trust Corp now owns 1,051,462 shares of the apparel retailer’s stock valued at $365,941,000 after acquiring an additional 22,843 shares during the last quarter. Institutional investors and hedge funds own 80.53% of the company’s stock.

Shares of LULU stock opened at $329.80 on Friday. The business’s fifty day moving average price is $322.67. The firm has a market capitalization of $43.00 billion, a PE ratio of 61.19, a PEG ratio of 2.64 and a beta of 1.34. Lululemon Athletica Inc. has a 1 year low of $269.28 and a 1 year high of $399.90.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Wednesday, June 2nd. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.25. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Lululemon Athletica had a return on equity of 31.50% and a net margin of 14.17%. Lululemon Athletica’s revenue was up 88.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 earnings per share. As a group, research analysts forecast that Lululemon Athletica Inc. will post 6.86 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. B. Riley dropped their price objective on Lululemon Athletica from $374.00 to $370.00 and set a “buy” rating on the stock in a report on Friday, June 4th. MKM Partners dropped their price target on Lululemon Athletica from $446.00 to $388.00 in a research note on Wednesday, March 31st. Wells Fargo & Company raised their price target on Lululemon Athletica from $330.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Friday, June 4th. Piper Sandler dropped their price target on Lululemon Athletica from $465.00 to $445.00 and set an “overweight” rating on the stock in a research note on Friday, June 4th. Finally, Barclays raised their price target on Lululemon Athletica from $401.00 to $418.00 and gave the stock an “overweight” rating in a research note on Friday, June 4th. Eleven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $383.61.

In other Lululemon Athletica news, CEO Calvin Mcdonald sold 3,000 shares of the firm’s stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of $335.00, for a total transaction of $1,005,000.00. Following the completion of the transaction, the chief executive officer now owns 36,469 shares of the company’s stock, valued at $12,217,115. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martha A. M. Morfitt purchased 4,800 shares of the company’s stock in a transaction on Tuesday, June 8th. The shares were bought at an average cost of $330.00 per share, with a total value of $1,584,000.00. Following the transaction, the director now directly owns 90,154 shares of the company’s stock, valued at approximately $29,750,820. The disclosure for this purchase can be found here. Insiders own 0.39% of the company’s stock.

Lululemon Athletica Profile

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates through 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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