XTX Topco Ltd Purchases New Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

XTX Topco Ltd acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,936 shares of the apparel retailer's stock, valued at approximately $2,652,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Investment Partners Asset Management Inc. acquired a new position in shares of Lululemon Athletica during the 4th quarter worth $275,000. Nutshell Asset Management Ltd purchased a new stake in shares of Lululemon Athletica during the 4th quarter valued at $956,000. Lebenthal Global Advisors LLC raised its holdings in Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after buying an additional 1,565 shares during the period. Montag A & Associates Inc. boosted its position in shares of Lululemon Athletica by 495.1% in the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after buying an additional 3,540 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new stake in Lululemon Athletica during the 4th quarter valued at $17,775,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Trading Up 0.7 %

Shares of LULU traded up $1.71 on Friday, reaching $251.08. 1,600,547 shares of the company's stock were exchanged, compared to its average volume of 2,229,440. The business has a 50 day moving average price of $320.27 and a two-hundred day moving average price of $338.27. The stock has a market capitalization of $30.29 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. The firm had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.29 earnings per share. Equities research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Ratings Changes

LULU has been the subject of several research analyst reports. BMO Capital Markets lowered their price objective on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a report on Friday, March 28th. Piper Sandler cut their target price on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Cfra Research upgraded Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Citigroup set a $330.00 price target on shares of Lululemon Athletica and gave the company a "negative" rating in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a report on Monday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $371.72.

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.