Dai ichi Life Insurance Company Ltd Sells 1,032 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Dai ichi Life Insurance Company Ltd trimmed its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,692 shares of the apparel retailer’s stock after selling 1,032 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Lululemon Athletica were worth $4,955,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Valley National Advisers Inc. increased its stake in Lululemon Athletica by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Milestone Investment Advisors LLC bought a new position in Lululemon Athletica in the 3rd quarter worth about $27,000. Morton Brown Family Wealth LLC bought a new position in Lululemon Athletica in the 4th quarter worth about $31,000. Farmers & Merchants Investments Inc. bought a new position in Lululemon Athletica in the 4th quarter worth about $40,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Lululemon Athletica in the 4th quarter worth about $40,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Price Performance

Shares of LULU stock traded up $1.04 during trading hours on Thursday, hitting $300.67. The stock had a trading volume of 650,180 shares, compared to its average volume of 1,833,005. Lululemon Athletica Inc. has a one year low of $295.74 and a one year high of $516.39. The stock’s 50-day moving average price is $370.12 and its two-hundred day moving average price is $432.30. The stock has a market capitalization of $37.89 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.45 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) 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 firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the previous year, the firm posted $4.40 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Needham & Company LLC dropped their target price on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $550.00 price objective on shares of Lululemon Athletica in a report on Wednesday. HSBC dropped their price objective on Lululemon Athletica from $500.00 to $405.00 in a report on Wednesday, April 10th. Citigroup dropped their price objective on Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, BMO Capital Markets increased their price objective on Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $468.59.

View Our Latest Analysis on LULU

Insider Activity

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the purchase, the director now owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Lululemon Athletica Company Profile

(Free Report)

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.

Read More

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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