BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) by 48.4% through the 2nd quarter, based on its most up-to-date disclosure with the Securities and Alternate Fee (SEC). The fund owned 152,382 shares of the attire retailer’s inventory after promoting 143,177 shares through the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.12% of Lululemon Athletica value $45,517,000 as of its most up-to-date SEC submitting.
Different hedge funds and different institutional buyers have additionally added to or lowered their stakes within the firm. Tidemark LLC bought a brand new place in shares of Lululemon Athletica within the 4th quarter value roughly $26,000. Scarborough Advisors LLC purchased a brand new stake in Lululemon Athletica within the fourth quarter value $26,000. Benjamin Edwards Inc. boosted its stake in Lululemon Athletica by 176.0% through the first quarter. Benjamin Edwards Inc. now owns 69 shares of the attire retailer’s inventory value $27,000 after shopping for a further 44 shares through the interval. Riverview Belief Co purchased a brand new place in Lululemon Athletica through the first quarter valued at $29,000. Lastly, True Wealth Design LLC raised its stake in shares of Lululemon Athletica by 2,950.0% within the fourth quarter. True Wealth Design LLC now owns 61 shares of the attire retailer’s inventory valued at $31,000 after buying a further 59 shares through the interval. 85.20% of the inventory is at the moment owned by hedge funds and different institutional buyers.
Wall Road Analyst Weigh In
A number of brokerages just lately commented on LULU. The Goldman Sachs Group downgraded shares of Lululemon Athletica from a “purchase” score to a “impartial” score and reduce their worth goal for the corporate from $463.00 to $286.00 in a report on Friday, August 2nd. Guggenheim reduce their goal worth on Lululemon Athletica from $525.00 to $350.00 and set a “purchase” score on the inventory in a analysis be aware on Friday. Robert W. Baird decreased their worth goal on Lululemon Athletica from $470.00 to $350.00 and set an “outperform” score for the corporate in a analysis be aware on Wednesday, July thirty first. Wells Fargo & Firm dropped their worth goal on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” score for the corporate in a report on Friday, August twenty third. Lastly, Financial institution of America lowered their goal worth on Lululemon Athletica from $440.00 to $355.00 and set a “purchase” score on the inventory in a analysis be aware on Friday. Two funding analysts have rated the inventory with a promote score, ten have given a maintain score and twenty-one have given a purchase score to the inventory. In line with MarketBeat, the inventory has a consensus score of “Average Purchase” and a consensus goal worth of $355.84.
Verify Out Our Newest Report on Lululemon Athletica
Lululemon Athletica Value Efficiency
LULU opened at $259.47 on Friday. The agency has a market capitalization of $32.43 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.25 and a beta of 1.26. The enterprise’s 50-day transferring common is $272.61 and its two-hundred day transferring common is $341.27. Lululemon Athletica Inc. has a 1 yr low of $226.01 and a 1 yr excessive of $516.39.
Lululemon Athletica (NASDAQ:LULU – Get Free Report) final issued its quarterly earnings knowledge on Thursday, August twenty ninth. The attire retailer reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.23. Lululemon Athletica had a internet margin of 16.09% and a return on fairness of 42.64%. The agency had income of $2.40 billion for the quarter, in comparison with the consensus estimate of $2.41 billion. Throughout the identical quarter within the earlier yr, the agency earned $2.68 EPS. The corporate’s quarterly income was up 9.1% in comparison with the identical quarter final yr. As a gaggle, sell-side analysts anticipate that Lululemon Athletica Inc. will publish 14.22 EPS for the present yr.
Lululemon Athletica declared that its board has initiated a inventory buyback plan on Wednesday, June fifth that authorizes the corporate to buyback $1.00 billion in excellent shares. This buyback authorization authorizes the attire retailer to reacquire as much as 2.5% of its inventory by means of open market purchases. Inventory buyback plans are often a sign that the corporate’s management believes its inventory is undervalued.
Lululemon Athletica Firm Profile
Lululemon Athletica Inc, along with its subsidiaries, designs, distributes, and retails athletic attire, footwear, and equipment below the lululemon model for men and women. It presents pants, shorts, tops, and jackets for wholesome way of life, resembling yoga, working, coaching, and different actions. It additionally offers fitness-inspired equipment.
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