3,275 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Allstate Corp

Allstate Corp bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, Holdings Channel.com reports. The fund bought 3,275 shares of the apparel retailer’s stock, valued at approximately $1,252,000.

Several other institutional investors also recently added to or reduced their stakes in LULU. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth $26,000. Kestra Investment Management LLC bought a new stake in Lululemon Athletica in the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth $32,000. Sound Income Strategies LLC increased its holdings in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the period. Finally, Asset Planning Inc acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at about $33,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Price Performance

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

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $5.29 EPS. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Wall Street Analyst Weigh In

LULU has been the topic of a number of recent research reports. Truist Financial decreased their target price on Lululemon Athletica from $460.00 to $380.00 and set a “buy” rating on the stock in a research report on Friday. Raymond James restated a “market perform” rating and set a $430.00 price objective on shares of Lululemon Athletica in a research report on Friday. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. TD Cowen lifted their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Finally, Telsey Advisory Group dropped their price objective on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $380.72.

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.