85.20% of Lululemon's stock owned by institutional investors; Q4 EPS at $5.29, surpassing estimates.

Institutional investors have increased their stakes in Lululemon Athletica (LULU) significantly, with 85.20% of the company's stock now owned by institutional investors. Lululemon reported Q4 EPS of $5.29, surpassing analyst estimates of $5.00. Analysts at Wedbush lowered their price target to $492, while Bank of America raised its target to $520. Lululemon's Board of Directors initiated a share buyback plan, purchasing up to 1.7% of its shares.

April 04, 2024
3 Articles