Lbp Am Sa Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Lbp Am Sa purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,861 shares of the apparel retailer’s stock, valued at approximately $727,000.

Other large investors have also recently modified their holdings of the company. Valley National Advisers Inc. raised its stake in shares of Lululemon Athletica by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 42 shares during the last quarter. Tidemark LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at $26,000. Scarborough Advisors LLC bought a new position in Lululemon Athletica during the fourth quarter worth $26,000. Benjamin Edwards Inc. raised its stake in Lululemon Athletica by 176.0% during the first quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock worth $27,000 after buying an additional 44 shares during the last quarter. Finally, Riverview Trust Co bought a new position in Lululemon Athletica during the first quarter worth $29,000. Institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of Lululemon Athletica from $415.00 to $310.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Barclays lowered their target price on shares of Lululemon Athletica from $395.00 to $338.00 and set an “equal weight” rating for the company in a research note on Thursday, June 6th. Telsey Advisory Group reduced their price target on shares of Lululemon Athletica from $550.00 to $470.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. The Goldman Sachs Group cut shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $463.00 to $286.00 in a report on Friday. Finally, UBS Group reduced their price target on shares of Lululemon Athletica from $475.00 to $385.00 and set a “neutral” rating for the company in a report on Wednesday, May 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $406.68.

Lululemon Athletica Trading Down 5.2 %

Shares of NASDAQ LULU traded down $12.86 during midday trading on Friday, hitting $236.19. The company’s stock had a trading volume of 1,602,708 shares, compared to its average volume of 2,096,087. The stock has a fifty day moving average price of $295.65 and a 200 day moving average price of $371.74. Lululemon Athletica Inc. has a one year low of $234.89 and a one year high of $516.39. The firm has a market capitalization of $29.52 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 1.29 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $2.54 EPS for the quarter, beating the consensus estimate of $2.38 by $0.16. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Lululemon Athletica had a net margin of 16.09% and a return on equity of 42.64%. Lululemon Athletica’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.28 earnings per share. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.22 earnings per share for the current fiscal year.

Lululemon Athletica declared that its Board of Directors has approved a stock repurchase plan on Wednesday, June 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the apparel retailer to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Lululemon Athletica 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.