Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 13.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 210,201 shares of the apparel retailer’s stock after selling 32,029 shares during the period. Federated Hermes Inc.’s holdings in Lululemon Athletica were worth $107,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LULU. Tufton Capital Management purchased a new stake in Lululemon Athletica in the 4th quarter valued at approximately $205,000. Peterson Wealth Services lifted its stake in Lululemon Athletica by 2.7% in the 4th quarter. Peterson Wealth Services now owns 6,338 shares of the apparel retailer’s stock valued at $3,240,000 after buying an additional 164 shares in the last quarter. Roman Butler Fullerton & Co. purchased a new stake in Lululemon Athletica in the 4th quarter valued at approximately $415,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Lululemon Athletica by 5.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,497 shares of the apparel retailer’s stock valued at $1,277,000 after buying an additional 126 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Lululemon Athletica by 21.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 16,860 shares of the apparel retailer’s stock valued at $8,620,000 after buying an additional 2,923 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In other news, Director Martha A. M. Morfitt purchased 700 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the purchase, the director now owns 500 shares of the company’s stock, valued at $194,645. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

Lululemon Athletica Stock Performance

LULU traded up $5.84 on Thursday, hitting $350.70. 786,783 shares of the company were exchanged, compared to its average volume of 1,754,125. The stock’s fifty day moving average is $424.95 and its 200-day moving average is $439.26. The company has a market cap of $44.19 billion, a PE ratio of 28.24, a PEG ratio of 1.20 and a beta of 1.30. Lululemon Athletica Inc. has a 12 month low of $326.93 and a 12 month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the business earned $4.40 earnings per share. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities research analysts expect that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LULU shares. JPMorgan Chase & Co. reduced their price target on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Sanford C. Bernstein increased their price target on Lululemon Athletica from $400.00 to $430.00 and gave the stock a “market perform” rating in a research note on Thursday, January 4th. Barclays reduced their price target on Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Truist Financial reduced their price target on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Finally, Evercore ISI cut their target price on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $485.39.

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.