Cibc World Markets Corp Has $31.44 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Cibc World Markets Corp grew its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 112.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,489 shares of the apparel retailer’s stock after purchasing an additional 32,518 shares during the period. Cibc World Markets Corp’s holdings in Lululemon Athletica were worth $31,439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Lululemon Athletica by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,323,850 shares of the apparel retailer’s stock worth $2,824,150,000 after acquiring an additional 38,432 shares in the last quarter. Morgan Stanley grew its holdings in Lululemon Athletica by 29.2% in the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after purchasing an additional 437,069 shares during the period. Schroder Investment Management Group grew its holdings in Lululemon Athletica by 20.0% in the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after purchasing an additional 310,347 shares during the period. Capital World Investors grew its holdings in Lululemon Athletica by 0.9% in the fourth quarter. Capital World Investors now owns 1,547,793 shares of the apparel retailer’s stock worth $791,371,000 after purchasing an additional 14,112 shares during the period. Finally, American Century Companies Inc. grew its holdings in Lululemon Athletica by 11.1% in the third quarter. American Century Companies Inc. now owns 1,373,814 shares of the apparel retailer’s stock worth $529,756,000 after purchasing an additional 137,454 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of Lululemon Athletica stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at $194,645. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of analyst reports. BNP Paribas cut shares of Lululemon Athletica from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $430.00 to $415.00 in a report on Friday, February 9th. Truist Financial reduced their price objective on shares of Lululemon Athletica from $498.00 to $415.00 and set a “buy” rating for the company in a report on Monday. KeyCorp reduced their price objective on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. JPMorgan Chase & Co. dropped their price target on shares of Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Finally, Oppenheimer reissued an “outperform” rating and set a $445.00 price target (down from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $445.65.

Lululemon Athletica Trading Up 0.5 %

NASDAQ LULU traded up $1.49 during trading on Wednesday, hitting $308.27. The company had a trading volume of 6,528,640 shares, compared to its average volume of 1,961,958. Lululemon Athletica Inc. has a one year low of $293.03 and a one year high of $516.39. The company has a market cap of $38.85 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The company’s fifty day moving average is $343.30 and its 200-day moving average is $424.34.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $2.54 EPS for the quarter, topping the consensus estimate of $2.39 by $0.15. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.20 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.28 EPS. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 14.08 EPS for the current 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.