National Pension Service raised its stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 2.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 182,626 shares of the apparel retailer’s stock after buying an additional 3,978 shares during the period. National Pension Service owned about 0.14% of Lululemon Athletica worth $34,617,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LULU. Sandy Spring Bank raised its stake in shares of Lululemon Athletica by 200.0% during the 1st quarter. Sandy Spring Bank now owns 150 shares of the apparel retailer’s stock valued at $28,000 after buying an additional 100 shares during the last quarter. 1776 Wealth LLC raised its stake in shares of Lululemon Athletica by 52.5% during the 1st quarter. 1776 Wealth LLC now owns 154 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 53 shares during the last quarter. Total Clarity Wealth Management Inc. purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at about $32,000. Golden State Wealth Management LLC purchased a new position in shares of Lululemon Athletica in the 1st quarter valued at about $33,000. Finally, TRUE Private Wealth Advisors increased its stake in shares of Lululemon Athletica by 1,044.4% in the 1st quarter. TRUE Private Wealth Advisors now owns 206 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 188 shares in the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.

Shares of LULU stock traded down $4.39 during mid-day trading on Friday, reaching $290.74. 268,338 shares of the company’s stock traded hands, compared to its average volume of 2,643,892. Lululemon Athletica inc. has a 12 month low of $128.85 and a 12 month high of $324.76. The company has a market cap of $38.43 billion, a P/E ratio of 66.77, a P/E/G ratio of 3.68 and a beta of 1.06. The company has a quick ratio of 1.69, a current ratio of 2.68 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $282.61 and its 200-day moving average price is $236.89.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, June 11th. The apparel retailer reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Lululemon Athletica had a return on equity of 33.27% and a net margin of 15.01%. The firm had revenue of $651.96 million during the quarter, compared to analysts’ expectations of $695.98 million. During the same period in the prior year, the company posted $0.74 earnings per share. The company’s revenue was down 16.7% compared to the same quarter last year. Equities analysts predict that Lululemon Athletica inc. will post 4.37 earnings per share for the current year.

Several equities analysts recently weighed in on LULU shares. Piper Sandler restated a “buy” rating and issued a $365.00 price target on shares of Lululemon Athletica in a research note on Thursday, June 18th. Susquehanna Bancshares lifted their price target on Lululemon Athletica from $240.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Jefferies Financial Group lifted their price target on Lululemon Athletica from $194.00 to $290.00 and gave the company a “hold” rating in a research note on Friday, June 12th. Royal Bank of Canada cut their price target on Lululemon Athletica from $360.00 to $348.00 and set an “outperform” rating for the company in a research note on Friday, June 12th. Finally, Credit Suisse Group lifted their price objective on Lululemon Athletica from $215.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, June 12th. Twelve investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Lululemon Athletica has a consensus rating of “Buy” and a consensus target price of $306.22.

In related news, Director Dennis J. Wilson sold 135,836 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $220.86, for a total value of $30,000,738.96. Following the completion of the sale, the director now directly owns 3,852 shares of the company’s stock, valued at $850,752.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dennis J. Wilson sold 89,455 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $223.58, for a total transaction of $20,000,348.90. Following the completion of the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at approximately $861,230.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 483,883 shares of company stock valued at $99,999,851. 0.32% of the stock is owned by corporate insiders.

About Lululemon Athletica

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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

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