From MarketBeat:

Strs Ohio decreased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.4% in the third quarter, owning approximately 261,860 shares worth $100,975,000. Multiple hedge funds including Union Savings Bank and SOA Wealth Advisors added to their stakes in LULU. Insider sales this month alone include 42,658 shares of company stock.

Analysts at JPMorgan Chase & Co. continue to rate Lululemon Athletica as overweight, with a new price target of $531.00. Piper Sandler analyst also has an overweight rating at $560.00. StockNews.com’s rating is currently hold with a price of $500.00. The consensus rating of all analysts who have commented on LULU is a “Moderate Buy”. Following this, the stock’s price dropped by 1.0% on Friday, December 18th.

Lululemon Athletica reported a $2.53 EPS for the last quarter on December 7th, with a revenue of $2.20 billion, up 18.5%. Analysts expect 12.44 earnings per share for the year. Lululemon Athletica has announced a $1 billion stock repurchase plan. Analysts believe the company is undervalued given these numbers. The stock’s 12-month low and high are $286.58 and $516.39, with a current price of$ 491.10 and a 50-day moving average of $458.70.

Visit HoldingsChannel.com for the latest on hedge funds’ 13F filings and insider trades on Lululemon Athletica Inc. (NASDAQ:LULU). This news alert was generated by AI and financial data from MarketBeat for fast and accurate reporting. This story is reviewed by MarketBeat’s editorial team to ensure accuracy. Contact them at [email protected].



Read more: Strs Ohio Sells 6,411 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)