Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,296 shares of the apparel retailer’s stock after acquiring an additional 361 shares during the period. Fisher Asset Management LLC’s holdings in Lululemon Athletica were worth $3,220,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LULU. Daymark Wealth Partners LLC raised its holdings in shares of Lululemon Athletica by 3.8% during the fourth quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock worth $293,000 after purchasing an additional 21 shares during the period. Simon Quick Advisors LLC grew its position in shares of Lululemon Athletica by 1.9% during the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock valued at $612,000 after buying an additional 22 shares during the last quarter. Pinnacle Financial Partners Inc raised its stake in Lululemon Athletica by 1.9% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock worth $646,000 after acquiring an additional 23 shares during the period. Baker Avenue Asset Management LP lifted its holdings in Lululemon Athletica by 11.1% in the third quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock worth $97,000 after acquiring an additional 25 shares during the last quarter. Finally, Herbst Group LLC boosted its stake in Lululemon Athletica by 1.1% in the fourth quarter. Herbst Group LLC now owns 2,880 shares of the apparel retailer’s stock valued at $1,473,000 after acquiring an additional 30 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LULU. HSBC raised Lululemon Athletica from a “hold” rating to a “buy” rating and raised their price target for the stock from $405.00 to $425.00 in a report on Thursday, June 6th. 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. Truist Financial dropped their price objective on shares of Lululemon Athletica from $498.00 to $415.00 and set a “buy” rating on the stock in a report on Monday, June 3rd. Sanford C. Bernstein boosted their target price on shares of Lululemon Athletica from $376.00 to $382.00 and gave the company a “market perform” rating in a research note on Friday, June 7th. Finally, Telsey Advisory Group dropped their price target on shares of Lululemon Athletica from $550.00 to $470.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $433.06.

Insider Activity

In related news, Director Martha A. M. Morfitt purchased 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the acquisition, the director now owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Price Performance

Shares of LULU opened at $310.77 on Friday. The company has a 50-day moving average of $331.26 and a two-hundred day moving average of $415.06. The stock has a market cap of $38.85 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.56 and a beta of 1.27. Lululemon Athletica Inc. has a one year low of $293.03 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, June 5th. The apparel retailer reported $2.54 EPS for the quarter, topping the consensus estimate of $2.38 by $0.16. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Lululemon Athletica had a return on equity of 42.64% and a net margin of 16.09%. Lululemon Athletica’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 earnings per share. Analysts anticipate that Lululemon Athletica Inc. will post 14.29 earnings per share for the current year.

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