lululemon athletica (NASDAQ:LULU) Director Charles Bergh Acquires 6,090 Shares

lululemon athletica inc. (NASDAQ:LULU) Director Charles Bergh purchased 6,090 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average price of $164.20 per share, for a total transaction of $999,978.00. Following the purchase, the director directly owned 6,090 shares in the company, valued at $999,978. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

lululemon athletica Price Performance

LULU stock traded up $1.56 on Monday, reaching $164.38. 2,605,365 shares of the company traded hands, compared to its average volume of 2,778,148. The firm has a fifty day simple moving average of $179.32 and a 200-day simple moving average of $180.85. The company has a market cap of $19.28 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 4.96 and a beta of 1.00. lululemon athletica inc. has a one year low of $156.64 and a one year high of $348.50.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, topping the consensus estimate of $4.78 by $0.23. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the company posted $6.14 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, sell-side analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in lululemon athletica by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock valued at $2,452,394,000 after buying an additional 521,915 shares during the last quarter. Geode Capital Management LLC lifted its holdings in lululemon athletica by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 3,049,911 shares of the apparel retailer’s stock valued at $631,526,000 after acquiring an additional 71,464 shares during the period. Invesco Ltd. boosted its position in lululemon athletica by 28.7% in the third quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock worth $391,544,000 after purchasing an additional 490,127 shares during the last quarter. Morgan Stanley grew its stake in shares of lululemon athletica by 2.8% during the 4th quarter. Morgan Stanley now owns 2,197,158 shares of the apparel retailer’s stock valued at $456,592,000 after purchasing an additional 59,282 shares during the period. Finally, Flossbach Von Storch SE grew its stake in shares of lululemon athletica by 17.7% during the 3rd quarter. Flossbach Von Storch SE now owns 1,930,831 shares of the apparel retailer’s stock valued at $343,553,000 after purchasing an additional 290,614 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LULU has been the topic of several recent analyst reports. Bank of America cut their price objective on shares of lululemon athletica from $220.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. BTIG Research dropped their target price on shares of lululemon athletica from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Telsey Advisory Group cut their price target on shares of lululemon athletica from $215.00 to $175.00 and set a “market perform” rating on the stock in a report on Wednesday, March 18th. JPMorgan Chase & Co. reduced their price target on shares of lululemon athletica from $209.00 to $196.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Finally, Piper Sandler boosted their price objective on shares of lululemon athletica from $165.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $214.47.

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.