7,673 Shares in lululemon athletica inc. $LULU Acquired by Phoenix Financial Ltd.

Phoenix Financial Ltd. acquired a new position in lululemon athletica inc. (NASDAQ:LULU) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,673 shares of the apparel retailer’s stock, valued at approximately $1,594,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of lululemon athletica by 3.9% in the third quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock worth $2,452,394,000 after acquiring an additional 521,915 shares during the period. Invesco Ltd. lifted its stake in shares of 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 acquiring an additional 490,127 shares during the period. Flossbach Von Storch SE lifted its stake in shares of lululemon athletica by 17.7% in the third quarter. Flossbach Von Storch SE now owns 1,930,831 shares of the apparel retailer’s stock worth $343,553,000 after acquiring an additional 290,614 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of lululemon athletica by 32.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,311,664 shares of the apparel retailer’s stock worth $233,394,000 after acquiring an additional 319,934 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of lululemon athletica by 0.8% in the third quarter. Northern Trust Corp now owns 1,034,873 shares of the apparel retailer’s stock worth $184,135,000 after acquiring an additional 8,154 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on LULU. Jefferies Financial Group cut their price objective on lululemon athletica from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. UBS Group cut their price objective on lululemon athletica from $189.00 to $176.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Telsey Advisory Group cut their price objective on lululemon athletica from $215.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 18th. Truist Financial cut their price objective on lululemon athletica from $200.00 to $170.00 and set a “hold” rating on the stock in a research note on Wednesday, March 18th. Finally, Barclays cut their price objective on lululemon athletica from $203.00 to $161.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twenty-eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $203.80.

Insider Buying and Selling at lululemon athletica

In other lululemon athletica news, Director Charles V. Bergh purchased 6,090 shares of the company’s stock in a transaction on Friday, March 20th. The shares were purchased at an average cost of $164.20 per share, with a total value of $999,978.00. Following the completion of the purchase, the director owned 6,090 shares in the company, valued at $999,978. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andre Maestrini purchased 3,275 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was acquired at an average cost of $151.02 per share, for a total transaction of $494,590.50. Following the completion of the purchase, the chief executive officer owned 34,551 shares of the company’s stock, valued at approximately $5,217,892.02. This trade represents a 10.47% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.54% of the company’s stock.

lululemon athletica Stock Performance

Shares of LULU opened at $119.14 on Friday. lululemon athletica inc. has a 52-week low of $119.06 and a 52-week high of $340.25. The business’s 50 day moving average price is $152.48 and its two-hundred day moving average price is $174.54. The firm has a market cap of $14.38 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 3.72 and a beta of 0.90.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the firm earned $6.14 earnings per share. The company’s revenue was up .0% compared to the same quarter last year. Research analysts predict that lululemon athletica inc. will post 12.3 EPS for the current fiscal year.

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.