Massmutual Trust Co. FSB ADV Has $4.43 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Massmutual Trust Co. FSB ADV grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 18.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 14,832 shares of the apparel retailer’s stock after acquiring an additional 2,272 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Lululemon Athletica were worth $4,430,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Transcend Capital Advisors LLC boosted its holdings in shares of Lululemon Athletica by 120.0% in the 2nd quarter. Transcend Capital Advisors LLC now owns 3,084 shares of the apparel retailer’s stock valued at $921,000 after purchasing an additional 1,682 shares in the last quarter. Capital Market Strategies LLC bought a new position in Lululemon Athletica in the second quarter valued at about $227,000. DekaBank Deutsche Girozentrale raised its stake in Lululemon Athletica by 52.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 48,680 shares of the apparel retailer’s stock worth $18,820,000 after acquiring an additional 16,755 shares in the last quarter. Cambridge Trust Co. lifted its holdings in shares of Lululemon Athletica by 1.2% in the first quarter. Cambridge Trust Co. now owns 39,083 shares of the apparel retailer’s stock worth $15,268,000 after acquiring an additional 462 shares during the last quarter. Finally, Soltis Investment Advisors LLC acquired a new stake in shares of Lululemon Athletica in the 1st quarter valued at approximately $303,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Trading Down 1.1 %

NASDAQ:LULU traded down $2.60 during trading hours on Monday, reaching $233.40. 2,854,890 shares of the company traded hands, compared to its average volume of 2,111,211. The business’s 50-day moving average price is $294.31 and its two-hundred day moving average price is $368.64. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The stock has a market capitalization of $29.18 billion, a P/E ratio of 18.59, a P/E/G ratio of 1.25 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, June 5th. The apparel retailer reported $2.54 EPS for the quarter, beating the consensus estimate of $2.38 by $0.16. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.20 billion. Lululemon Athletica had a return on equity of 42.64% and a net margin of 16.09%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $2.28 EPS. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 14.22 EPS for the current year.

Lululemon Athletica declared that its board has initiated a share repurchase program on Wednesday, June 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the apparel retailer to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Lululemon Athletica from $490.00 to $404.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. Robert W. Baird cut their price objective on Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Piper Sandler lowered their target price on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Truist Financial cut their price target on Lululemon Athletica from $415.00 to $310.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. lowered their price objective on Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus target price of $406.68.

Lululemon Athletica Profile

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.