Kovitz Investment Group Partners LLC Has $114.25 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Kovitz Investment Group Partners LLC lifted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 9,067.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,752 shares of the apparel retailer's stock after purchasing an additional 295,493 shares during the quarter. Kovitz Investment Group Partners LLC owned 0.25% of Lululemon Athletica worth $114,246,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Telsey Advisory Group decreased their target price on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. KeyCorp decreased their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Citigroup set a $330.00 target price on shares of Lululemon Athletica and gave the company a "negative" rating in a report on Friday, March 28th. Argus cut Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, Piper Sandler dropped their price objective on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $372.28.

Lululemon Athletica Stock Down 1.0 %

Lululemon Athletica stock traded down $2.74 during trading hours on Friday, hitting $267.90. The stock had a trading volume of 1,422,240 shares, compared to its average volume of 2,228,853. The stock has a market cap of $32.32 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 2.22 and a beta of 1.31. The business's 50 day simple moving average is $305.90 and its 200-day simple moving average is $338.91. Lululemon Athletica Inc. has a one year low of $226.01 and a one year 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. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the business earned $5.29 EPS. The firm's quarterly revenue was up 12.3% on a year-over-year basis. Research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.