Dynamic Technology Lab Private Ltd Makes New $1.38 Million Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Dynamic Technology Lab Private Ltd purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,611 shares of the apparel retailer's stock, valued at approximately $1,381,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. TCTC Holdings LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter worth $26,000. Kestra Investment Management LLC purchased a new position in Lululemon Athletica during the fourth quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter valued at about $32,000. Sound Income Strategies LLC lifted its holdings in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after acquiring an additional 65 shares during the last quarter. Finally, Asset Planning Inc purchased a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Down 0.7 %

NASDAQ:LULU traded down $1.68 during trading hours on Friday, reaching $254.94. 499,037 shares of the company's stock were exchanged, compared to its average volume of 2,232,848. The firm has a market capitalization of $30.76 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The company has a 50-day moving average of $335.49 and a 200 day moving average of $339.26.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Sanford C. Bernstein raised Lululemon Athletica from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Truist Financial cut their price target on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a research note on Wednesday. Stifel Nicolaus lowered their price objective on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Raymond James reaffirmed a "market perform" rating and set a $430.00 target price on shares of Lululemon Athletica in a research note on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $371.79.

Lululemon Athletica Company 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.