International Assets Investment Management LLC Has $429,000 Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Posted by on Jul 3rd, 2023

International Assets Investment Management LLC reduced its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) by 44.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,177 shares of the apparel retailer’s stock after selling 924 shares during the quarter. International Assets Investment Management LLC’s holdings in Lululemon Athletica were worth $429,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Carderock Capital Management Inc. purchased a new stake in shares of Lululemon Athletica in the first quarter worth approximately $27,000. Silicon Valley Capital Partners purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $25,000. Elequin Securities LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $28,000. Corrado Advisors LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $29,000. Finally, Mizuho Securities Co. Ltd. raised its stake in shares of Lululemon Athletica by 423.8% in the fourth quarter. Mizuho Securities Co. Ltd. now owns 110 shares of the apparel retailer’s stock worth $35,000 after purchasing an additional 89 shares during the last quarter. 91.13% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $378.50 on Monday. The firm has a market capitalization of $48.10 billion, a price-to-earnings ratio of 50.60, a P/E/G ratio of 1.59 and a beta of 1.42. Lululemon Athletica Inc. has a 52-week low of $258.79 and a 52-week high of $389.06. The stock has a fifty day moving average of $368.89 and a 200 day moving average of $339.02.

Lululemon Athletica (NASDAQ:LULU – Free Report) last posted its quarterly earnings data on Thursday, June 1st. The apparel retailer reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.31. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.92 billion. Lululemon Athletica had a return on equity of 44.94% and a net margin of 11.24%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the company earned $1.48 earnings per share. Equities analysts forecast that Lululemon Athletica Inc. will post 11.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

LULU has been the subject of several analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $425.00 price objective on shares of Lululemon Athletica in a research note on Wednesday, March 29th. StockNews.com started coverage on Lululemon Athletica in a research report on Thursday, May 18th. They set a “hold” rating for the company. Guggenheim increased their price target on Lululemon Athletica from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, March 29th. Barclays increased their price target on Lululemon Athletica from $413.00 to $430.00 in a research report on Monday, June 5th. Finally, Wells Fargo & Company increased their price target on Lululemon Athletica from $380.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, March 29th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $413.41.

Lululemon Athletica 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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

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

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