NEOS Investment Management LLC raised its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 18.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,734 shares of the apparel retailer's stock after purchasing an additional 2,008 shares during the period. NEOS Investment Management LLC's holdings in Lululemon Athletica were worth $4,870,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCTC Holdings LLC bought a new position in shares of Lululemon Athletica during the 4th quarter valued at $26,000. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter worth about $32,000. Sound Income Strategies LLC lifted its stake 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 valued at $33,000 after acquiring an additional 65 shares during the last quarter. Finally, Asset Planning Inc bought a new position in Lululemon Athletica during the 4th quarter worth approximately $33,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.
Lululemon Athletica Stock Performance
Shares of LULU traded down $48.47 during trading hours on Friday, hitting $293.06. The company had a trading volume of 12,900,347 shares, compared to its average volume of 2,144,794. The stock has a market capitalization of $35.69 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21. The firm has a fifty day moving average price of $364.63 and a 200-day moving average price of $339.62. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. The business 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% compared to the same quarter last year. During the same period in the previous year, the company earned $5.29 earnings per share. Research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.
Analyst Ratings Changes
LULU has been the subject of a number of analyst reports. Truist Financial dropped their price objective on Lululemon Athletica from $460.00 to $380.00 and set a "buy" rating for the company in a research note on Friday. BTIG Research decreased their price objective on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research report on Friday. Guggenheim upped their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Raymond James reissued a "market perform" rating and issued a $430.00 target price on shares of Lululemon Athletica in a research note on Friday. Finally, Sanford C. Bernstein raised Lululemon Athletica from a "market perform" rating to an "outperform" rating and upped their price target for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average price target of $380.72.
Check Out Our Latest Analysis on LULU
Lululemon Athletica Profile
(
Free Report)
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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