5. GENDER EQUALITY

Truist Financial Corp Has $17.53 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU) – Defense World

Written by Amanda

Truist Financial Corp trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) by 16.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 47,999 shares of the apparel retailer’s stock after selling 9,593 shares during the period. Truist Financial Corp’s holdings in Lululemon Athletica were worth $17,530,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of LULU. Lindbrook Capital LLC grew its stake in Lululemon Athletica by 10.7% in the first quarter. Lindbrook Capital LLC now owns 268 shares of the apparel retailer’s stock valued at $98,000 after purchasing an additional 26 shares in the last quarter. CAPROCK Group Inc. grew its stake in Lululemon Athletica by 5.6% in the fourth quarter. CAPROCK Group Inc. now owns 604 shares of the apparel retailer’s stock valued at $236,000 after purchasing an additional 32 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in Lululemon Athletica by 0.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 4,487 shares of the apparel retailer’s stock valued at $1,756,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management boosted its stake in shares of Lululemon Athletica by 4.2% during the 1st quarter. Avondale Wealth Management now owns 891 shares of the apparel retailer’s stock worth $325,000 after acquiring an additional 36 shares in the last quarter. Finally, Boenning & Scattergood Inc. boosted its stake in shares of Lululemon Athletica by 3.3% during the 1st quarter. Boenning & Scattergood Inc. now owns 1,130 shares of the apparel retailer’s stock worth $413,000 after acquiring an additional 36 shares in the last quarter. 85.48% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on LULU shares. Cowen decreased their price target on Lululemon Athletica from $507.00 to $497.00 in a research note on Thursday, April 21st. TheStreet upgraded Lululemon Athletica from a “c+” rating to a “b” rating in a research note on Monday, April 11th. Wedbush started coverage on Lululemon Athletica in a research note on Thursday, April 28th. They set an “outperform” rating and a $430.00 price target for the company. Credit Suisse Group decreased their price target on Lululemon Athletica from $450.00 to $410.00 and set an “outperform” rating for the company in a research note on Friday, June 3rd. Finally, Wells Fargo & Company cut their price objective on Lululemon Athletica from $370.00 to $345.00 and set an “equal weight” rating for the company in a research report on Friday, June 3rd. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus target price of $423.88.

Shares of LULU opened at $293.39 on Friday. The stock has a market cap of $37.45 billion, a PE ratio of 37.28, a PEG ratio of 1.53 and a beta of 1.30. Lululemon Athletica Inc. has a 1 year low of $251.51 and a 1 year high of $485.83. The stock has a 50 day simple moving average of $292.46 and a 200-day simple moving average of $324.57.

Lululemon Athletica (NASDAQ:LULUGet Rating) last released its quarterly earnings results on Thursday, June 2nd. The apparel retailer reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. Lululemon Athletica had a return on equity of 39.23% and a net margin of 15.36%. Lululemon Athletica’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 EPS. As a group, analysts anticipate that Lululemon Athletica Inc. will post 9.47 earnings per share for the current fiscal year.

Lululemon Athletica declared that its Board of Directors has approved a share buyback plan on Tuesday, March 29th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the apparel retailer to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

In other Lululemon Athletica news, Director Kourtney Gibson purchased 200 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were acquired at an average cost of $280.12 per share, for a total transaction of $56,024.00. Following the transaction, the director now directly owns 1,302 shares in the company, valued at $364,716.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is owned by corporate insiders.

About Lululemon Athletica (Get Rating)

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories 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 and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.

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Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica Inc. (NASDAQ:LULUGet Rating).

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Source: defenseworld.net

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai