Allianz SE Invests $558,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Allianz SE acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,454 shares of the apparel retailer’s stock, valued at approximately $558,000.

A number of other large investors have also recently added to or reduced their stakes in LULU. Transamerica Financial Advisors Inc. grew its position in shares of Lululemon Athletica by 20.3% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 326 shares of the apparel retailer’s stock valued at $125,000 after purchasing an additional 55 shares during the last quarter. Allstate Corp purchased a new stake in Lululemon Athletica in the 4th quarter valued at approximately $1,252,000. Brown Brothers Harriman & Co. lifted its stake in Lululemon Athletica by 986.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 858 shares of the apparel retailer’s stock valued at $328,000 after buying an additional 779 shares in the last quarter. DnB Asset Management AS grew its holdings in Lululemon Athletica by 1.2% during the 4th quarter. DnB Asset Management AS now owns 20,308 shares of the apparel retailer’s stock valued at $7,766,000 after buying an additional 241 shares during the last quarter. Finally, denkapparat Operations GmbH purchased a new position in Lululemon Athletica during the fourth quarter worth $261,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LULU. Raymond James reaffirmed a “market perform” rating and set a $430.00 price objective on shares of Lululemon Athletica in a research note on Friday. BMO Capital Markets lowered their price target on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a report on Friday. Truist Financial cut their price objective on shares of Lululemon Athletica from $460.00 to $380.00 and set a “buy” rating for the company in a research report on Friday. Barclays lowered their target price on shares of Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Guggenheim increased their price target on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $380.72.

Lululemon Athletica Trading Down 14.2 %

Shares of NASDAQ LULU opened at $293.06 on Monday. The company has a market cap of $35.69 billion, a PE ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The stock has a 50 day simple moving average of $364.63 and a 200-day simple moving average of $340.22.

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

About Lululemon Athletica

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.