Boothbay Fund Management LLC Increases Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Boothbay Fund Management LLC increased its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 95.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,046 shares of the apparel retailer's stock after acquiring an additional 4,897 shares during the period. Boothbay Fund Management LLC's holdings in Lululemon Athletica were worth $3,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its stake in shares of Lululemon Athletica by 40.3% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,493 shares of the apparel retailer's stock worth $571,000 after purchasing an additional 429 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Lululemon Athletica by 9,067.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 298,752 shares of the apparel retailer's stock worth $114,246,000 after buying an additional 295,493 shares during the period. Adage Capital Partners GP L.L.C. raised its position in Lululemon Athletica by 4.2% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 125,500 shares of the apparel retailer's stock worth $47,992,000 after buying an additional 5,100 shares during the last quarter. Syon Capital LLC purchased a new position in Lululemon Athletica during the 4th quarter worth approximately $201,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Lululemon Athletica during the 4th quarter valued at approximately $505,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Trading Down 1.0 %

LULU stock opened at $267.90 on Friday. The firm has a 50-day moving average of $305.90 and a two-hundred day moving average of $338.46. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The company has a market cap of $32.32 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate 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 return on equity of 42.16% and a net margin of 17.05%. The business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $5.29 earnings per share. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

LULU has been the subject of several recent research reports. Citigroup set a $330.00 target price on shares of Lululemon Athletica and gave the stock a "negative" rating in a report on Friday, March 28th. BTIG Research reduced their price objective on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research note on Friday, March 28th. BMO Capital Markets lowered their target price on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a research note on Friday, March 28th. Cfra Research raised Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Finally, Piper Sandler decreased their price target on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $372.28.

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.

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