Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,497 shares of the apparel retailer’s stock after acquiring an additional 126 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lululemon Athletica were worth $1,277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Lululemon Athletica by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,323,850 shares of the apparel retailer’s stock valued at $2,824,150,000 after buying an additional 38,432 shares during the period. State Street Corp lifted its holdings in shares of Lululemon Athletica by 0.7% in the 1st quarter. State Street Corp now owns 2,633,648 shares of the apparel retailer’s stock valued at $959,144,000 after buying an additional 18,147 shares during the period. Morgan Stanley lifted its holdings 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 valued at $746,034,000 after buying an additional 437,069 shares during the period. Schroder Investment Management Group lifted its holdings in shares of 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 buying an additional 310,347 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Lululemon Athletica by 3.2% in the 1st quarter. Geode Capital Management LLC now owns 1,659,260 shares of the apparel retailer’s stock valued at $603,418,000 after buying an additional 51,572 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. BMO Capital Markets upped their price target on Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Piper Sandler reduced their price target on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Morgan Stanley reduced 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. Sanford C. Bernstein upped their price target on Lululemon Athletica from $400.00 to $430.00 and gave the stock a “market perform” rating in a report on Thursday, January 4th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Lululemon Athletica in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $485.39.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the company’s stock in a transaction that occurred 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Lululemon Athletica Trading Up 0.3 %

Shares of NASDAQ LULU opened at $345.79 on Thursday. The stock has a market cap of $43.57 billion, a P/E ratio of 28.24, a PEG ratio of 1.20 and a beta of 1.30. The business’s fifty day simple moving average is $424.95 and its 200-day simple moving average is $439.26. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating the consensus estimate of $5.00 by $0.29. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. Lululemon Athletica’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.40 earnings per share. On average, equities analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Lululemon Athletica Company Profile

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 offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.