Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 17.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,062 shares of the apparel retailer’s stock after buying an additional 158 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Lululemon Athletica were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LULU. TCTC Holdings LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth $26,000. Anderson Financial Strategies LLC acquired a new position in Lululemon Athletica in the 4th quarter valued at about $30,000. Kestra Investment Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at about $32,000. Finally, Sound Income Strategies LLC increased its stake in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on LULU. Piper Sandler dropped their target price on shares of Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Robert W. Baird reduced their target price on Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Citigroup reduced their target price on Lululemon Athletica from $330.00 to $275.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Stifel Nicolaus reduced their price objective on Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, UBS Group reduced their price objective on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus target price of $368.72.

Lululemon Athletica Stock Up 1.0%

NASDAQ:LULU opened at $318.96 on Friday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The firm has a market cap of $38.48 billion, a P/E ratio of 23.03, a PEG ratio of 2.22 and a beta of 1.30. The business’s 50-day moving average price is $285.98 and its 200 day moving average price is $337.48.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the company posted $5.29 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current 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.