Legal & General Group Plc Buys 13,296 Shares of lululemon athletica inc. $LULU

Legal & General Group Plc lifted its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 981,838 shares of the apparel retailer’s stock after acquiring an additional 13,296 shares during the quarter. Legal & General Group Plc’s holdings in lululemon athletica were worth $204,036,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in lululemon athletica by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock worth $2,452,394,000 after purchasing an additional 521,915 shares during the period. Invesco Ltd. boosted its stake in lululemon athletica by 28.7% in the 3rd quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock worth $391,544,000 after purchasing an additional 490,127 shares during the period. Victory Capital Management Inc. boosted its stake in lululemon athletica by 321.2% in the 3rd 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 during the period. Dimensional Fund Advisors LP boosted its stake in lululemon athletica by 32.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,311,664 shares of the apparel retailer’s stock worth $233,394,000 after purchasing an additional 319,934 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in lululemon athletica by 255.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 438,461 shares of the apparel retailer’s stock worth $91,117,000 after purchasing an additional 315,150 shares during the period. 85.20% of the stock is currently owned by institutional investors.

lululemon athletica Stock Performance

NASDAQ LULU opened at $131.04 on Thursday. The company has a market capitalization of $15.82 billion, a P/E ratio of 9.85, a P/E/G ratio of 3.93 and a beta of 0.90. lululemon athletica inc. has a one year low of $116.63 and a one year high of $340.25. The stock has a 50 day moving average price of $146.20 and a 200-day moving average price of $172.08.

lululemon athletica (NASDAQ:LULU) last posted its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, beating analysts’ consensus estimates of $4.78 by $0.23. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $6.14 EPS. As a group, equities analysts predict that lululemon athletica inc. will post 12.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on LULU. The Goldman Sachs Group dropped their price target on lululemon athletica from $200.00 to $184.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Piper Sandler dropped their price target on lululemon athletica from $190.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Robert W. Baird dropped their price target on lululemon athletica from $190.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. UBS Group dropped their price target on lululemon athletica from $189.00 to $176.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Finally, Citigroup dropped their price target on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating for the company in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twenty-eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $201.66.

Insider Activity

In other news, Director Charles V. Bergh bought 6,090 shares of the stock in a transaction dated Friday, March 20th. The stock was purchased at an average cost of $164.20 per share, for a total transaction of $999,978.00. Following the transaction, the director owned 6,090 shares of the company’s stock, valued at $999,978. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andre Maestrini bought 3,275 shares of the stock in a transaction dated Wednesday, April 1st. The shares were purchased at an average price of $151.02 per share, with a total value of $494,590.50. Following the completion of the transaction, the chief executive officer directly owned 34,551 shares in the company, valued at approximately $5,217,892.02. The trade was a 10.47% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.54% of the company’s stock.

Key lululemon athletica News

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: lululemon reached a cooperation agreement with Chip Wilson, ending the public proxy battle and reducing uncertainty around board control. Reuters article
• Positive Sentiment: The company will add two Wilson-backed directors, including executives with apparel and marketing experience, which may improve strategic oversight and support a board refresh. Business Wire article
• Positive Sentiment: Wilson agreed to standstill, voting, and non-disparagement restrictions for about 18 months, which should lower the risk of renewed public criticism or a fresh governance fight. Stocktwits article
• Neutral Sentiment: Despite the board truce, analysts note that lululemon still faces operational challenges, including slowing North American sales and a weak outlook, so the stock’s longer-term recovery will likely depend on fundamentals, not just governance. Proactive Investors article

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.