lululemon athletica inc. $LULU Shares Sold by Groupama Asset Managment

Groupama Asset Managment lowered its stake in lululemon athletica inc. (NASDAQ:LULUFree Report) by 85.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,255 shares of the apparel retailer’s stock after selling 7,675 shares during the quarter. Groupama Asset Managment’s holdings in lululemon athletica were worth $223,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in lululemon athletica during the second quarter worth $217,344,000. Vanguard Group Inc. lifted its holdings in lululemon athletica by 3.9% during the third quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock valued at $2,452,394,000 after purchasing an additional 521,915 shares in the last quarter. Invesco Ltd. grew its position in shares of lululemon athletica by 28.7% in the third quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock valued at $391,544,000 after purchasing an additional 490,127 shares during the period. Pacer Advisors Inc. grew its position in shares of lululemon athletica by 2,598.9% in the third quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock valued at $84,687,000 after purchasing an additional 458,322 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of lululemon athletica by 321.2% during the third quarter. Victory Capital Management Inc. now owns 497,689 shares of the apparel retailer’s stock worth $88,554,000 after purchasing an additional 379,536 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of lululemon athletica in a research note on Thursday, January 8th. They issued a “hold” rating on the stock. Barclays cut their price objective on lululemon athletica from $203.00 to $161.00 and set an “equal weight” rating for the company in a research note on Wednesday. Bank of America reduced their target price on lululemon athletica from $220.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Piper Sandler raised their target price on lululemon athletica from $165.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of lululemon athletica in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, lululemon athletica has a consensus rating of “Hold” and an average price target of $215.33.

Read Our Latest Stock Analysis on lululemon athletica

Key Stories Impacting lululemon athletica

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lululemon athletica Trading Down 1.7%

LULU stock opened at $162.74 on Friday. The firm has a 50-day moving average of $179.32 and a two-hundred day moving average of $180.98. lululemon athletica inc. has a 12 month low of $156.64 and a 12 month high of $348.50. The company has a market cap of $19.09 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 4.70 and a beta of 1.00.

lululemon athletica (NASDAQ:LULUGet Free Report) last issued its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share for the quarter, topping the consensus estimate of $4.78 by $0.23. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.14 EPS. As a group, equities analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

lululemon athletica Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for lululemon athletica (NASDAQ:LULU)

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