Bokf Na Trims Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Bokf Na reduced its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 72.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,406 shares of the apparel retailer’s stock after selling 3,666 shares during the period. Bokf Na’s holdings in Lululemon Athletica were worth $556,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brevan Howard Capital Management LP purchased a new stake in Lululemon Athletica during the 4th quarter valued at approximately $1,710,000. Bridgefront Capital LLC raised its position in Lululemon Athletica by 45.4% in the fourth quarter. Bridgefront Capital LLC now owns 3,588 shares of the apparel retailer’s stock worth $1,372,000 after acquiring an additional 1,121 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Lululemon Athletica by 3.0% in the fourth quarter. Baird Financial Group Inc. now owns 58,779 shares of the apparel retailer’s stock valued at $22,478,000 after purchasing an additional 1,688 shares during the period. Bayesian Capital Management LP grew its holdings in shares of Lululemon Athletica by 379.0% in the 4th quarter. Bayesian Capital Management LP now owns 11,602 shares of the apparel retailer’s stock worth $4,437,000 after acquiring an additional 9,180 shares during the period. Finally, Benjamin Edwards Inc. increased its position in shares of Lululemon Athletica by 14.6% in the fourth quarter. Benjamin Edwards Inc. now owns 5,319 shares of the apparel retailer’s stock valued at $2,034,000 after buying an additional 677 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LULU shares. Oppenheimer increased their target price on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 7th. BTIG Research decreased their target price on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a report on Friday, March 28th. Telsey Advisory Group reduced their target price on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Evercore ISI raised their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Piper Sandler dropped their target price on Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $369.86.

Lululemon Athletica Stock Down 0.9 %

LULU stock opened at $279.89 on Friday. The firm’s 50-day simple moving average is $288.50 and its 200 day simple moving average is $337.17. The stock has a market cap of $33.77 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

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