UMB Bank n.a. Acquires 44 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

UMB Bank n.a. grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 6.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 744 shares of the apparel retailer’s stock after buying an additional 44 shares during the quarter. UMB Bank n.a.’s holdings in Lululemon Athletica were worth $211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TCTC Holdings LLC bought a new stake in Lululemon Athletica in the fourth quarter valued at $26,000. Anderson Financial Strategies LLC purchased a new stake in Lululemon Athletica in the 4th quarter valued at $30,000. Kestra Investment Management LLC bought a new position in Lululemon Athletica during the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth about $32,000. Finally, Asset Planning Inc bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at $33,000. Institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the topic of several analyst reports. Truist Financial decreased their price objective on Lululemon Athletica from $297.00 to $290.00 and set a “buy” rating on the stock in a report on Friday, June 6th. Barclays reduced their price target on shares of Lululemon Athletica from $276.00 to $270.00 and set an “equal weight” rating for the company in a research note on Monday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $385.00 target price on shares of Lululemon Athletica in a report on Monday, June 2nd. CICC Research reissued a “market perform” rating and issued a $280.49 price target on shares of Lululemon Athletica in a report on Monday. Finally, Cfra Research raised shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $340.26.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock opened at $252.28 on Thursday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The company’s 50 day moving average price is $285.28 and its two-hundred day moving average price is $336.70. The firm has a market capitalization of $30.43 billion, a P/E ratio of 18.22, a P/E/G ratio of 2.22 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.60. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the business earned $2.54 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

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.