lululemon athletica inc. $LULU Shares Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 43.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 40,693 shares of the apparel retailer’s stock after buying an additional 12,394 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in lululemon athletica were worth $8,485,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LULU. Brighton Jones LLC acquired a new stake in shares of lululemon athletica during the fourth quarter worth $429,000. NewEdge Advisors LLC boosted its stake in lululemon athletica by 5.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,848 shares of the apparel retailer’s stock worth $1,089,000 after buying an additional 186 shares during the last quarter. Glenview Trust co boosted its stake in lululemon athletica by 39.9% in the 2nd quarter. Glenview Trust co now owns 996 shares of the apparel retailer’s stock worth $237,000 after buying an additional 284 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in lululemon athletica in the 2nd quarter valued at about $508,000. Finally, Raymond James Financial Inc. grew its holdings in lululemon athletica by 10.7% in the 2nd quarter. Raymond James Financial Inc. now owns 112,632 shares of the apparel retailer’s stock valued at $26,759,000 after buying an additional 10,891 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling at lululemon athletica

In other news, CEO Andre Maestrini acquired 3,275 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was bought at an average cost of $151.02 per share, with a total value of $494,590.50. Following the transaction, the chief executive officer directly owned 34,551 shares in the company, valued at approximately $5,217,892.02. This represents a 10.47% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicole Neuburger sold 622 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $161.00, for a total value of $100,142.00. Following the sale, the insider owned 19,156 shares of the company’s stock, valued at $3,084,116. This represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LULU. Truist Financial cut their price objective on shares of lululemon athletica from $200.00 to $170.00 and set a “hold” rating on the stock in a report on Wednesday, March 18th. Citigroup lowered their target price on shares of lululemon athletica from $210.00 to $185.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. Barclays cut their price target on shares of 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. Telsey Advisory Group decreased 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of lululemon athletica from $196.00 to $173.00 in a research note on Wednesday, May 6th. One investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $203.80.

lululemon athletica Stock Down 0.1%

LULU opened at $121.06 on Friday. The firm has a market capitalization of $14.61 billion, a P/E ratio of 9.10, a P/E/G ratio of 3.73 and a beta of 0.90. The firm’s 50 day moving average is $153.57 and its 200-day moving average is $174.93. lululemon athletica inc. has a 52-week low of $120.51 and a 52-week high of $340.25.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share for the quarter, beating the consensus estimate of $4.78 by $0.23. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.14 earnings per share. Equities analysts expect that lululemon athletica inc. will post 12.3 earnings per share 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.