Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 210.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,856 shares of the apparel retailer’s stock after buying an additional 1,258 shares during the period. Pittenger & Anderson Inc.’s holdings in Lululemon Athletica were worth $949,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LULU. International Assets Investment Management LLC raised its stake in shares of Lululemon Athletica by 51,219.6% in the 4th quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock valued at $351,868,000 after purchasing an additional 686,855 shares in the last quarter. Morgan Stanley raised its stake in Lululemon Athletica by 29.2% during the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after buying an additional 437,069 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Lululemon Athletica by 20.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after buying an additional 310,347 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter worth approximately $71,483,000. Finally, Ameriprise Financial Inc. raised its position in shares of Lululemon Athletica by 34.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 668,087 shares of the apparel retailer’s stock valued at $257,627,000 after acquiring an additional 171,227 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on LULU shares. Truist Financial decreased their price objective on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a report on Monday, March 25th. Evercore ISI dropped their price objective on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Oppenheimer restated an “outperform” rating and issued a $445.00 target price (down from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. HSBC dropped their price target on Lululemon Athletica from $500.00 to $405.00 in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company reduced their price objective on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating for the company in a research report on Friday, March 22nd. Two 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’s stock. According to MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $483.61.

Insider Buying and Selling at Lululemon Athletica

In other news, Director Martha A. M. Morfitt purchased 700 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the acquisition, the director now directly owns 500 shares of the company’s stock, valued at $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Lululemon Athletica Stock Down 1.3 %

NASDAQ:LULU traded down $4.59 during trading hours on Thursday, reaching $360.00. 1,535,652 shares of the company’s stock were exchanged, compared to its average volume of 1,779,695. The company has a market capitalization of $45.36 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.29 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. The business’s 50-day simple moving average is $414.25 and its two-hundred day simple moving average is $438.85.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping 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 business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the company posted $4.40 EPS. The company’s revenue was up 15.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

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.