Nissay Asset Management Corp Japan ADV Sells 405 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Posted by Defense World Staff on Sep 11th, 2023

Nissay Asset Management Corp Japan ADV lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) by 1.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,964 shares of the apparel retailer’s stock after selling 405 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Lululemon Athletica were worth $8,363,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Silicon Valley Capital Partners bought a new position in shares of Lululemon Athletica during the 4th quarter worth $25,000. Carderock Capital Management Inc. bought a new position in shares of Lululemon Athletica during the 1st quarter worth $27,000. Elequin Securities LLC bought a new position in shares of Lululemon Athletica during the 4th quarter worth $28,000. Janiczek Wealth Management LLC grew its position in shares of Lululemon Athletica by 126.5% during the 1st quarter. Janiczek Wealth Management LLC now owns 77 shares of the apparel retailer’s stock worth $28,000 after buying an additional 43 shares in the last quarter. Finally, Corrado Advisors LLC bought a new position in shares of Lululemon Athletica during the 4th quarter worth $29,000. Institutional investors own 91.50% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Michelle Sun Choe sold 27,981 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $401.00, for a total value of $11,220,381.00. Following the completion of the transaction, the insider now directly owns 3,892 shares of the company’s stock, valued at $1,560,692. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. BMO Capital Markets increased their price target on Lululemon Athletica from $355.00 to $376.00 and gave the stock a “market perform” rating in a research report on Friday, September 1st. Raymond James raised their price objective on Lululemon Athletica from $438.00 to $440.00 and gave the company a “strong-buy” rating in a research report on Friday, September 1st. Barclays raised their price objective on Lululemon Athletica from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, September 1st. StockNews.com assumed coverage on Lululemon Athletica in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Lululemon Athletica from $465.00 to $471.00 in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average target price of $438.62.

Get Our Latest Stock Report on LULU

Lululemon Athletica Stock Down 0.7 %

Shares of NASDAQ:LULU opened at $396.36 on Monday. The business has a 50-day moving average price of $381.20 and a 200-day moving average price of $362.17. The stock has a market cap of $50.36 billion, a price-to-earnings ratio of 50.17, a PEG ratio of 1.77 and a beta of 1.39. Lululemon Athletica Inc. has a 52-week low of $277.50 and a 52-week high of $406.94.

Lululemon Athletica (NASDAQ:LULU – Get Free Report) last announced its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.14. Lululemon Athletica had a return on equity of 44.47% and a net margin of 11.40%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the company posted $2.20 earnings per share. Lululemon Athletica’s revenue for the quarter was up 17.8% on a year-over-year basis. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 12.16 EPS for the current fiscal year.

About Lululemon Athletica

(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.