Tower Research Capital LLC TRC Acquires 7,804 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Tower Research Capital LLC TRC grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 159.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,709 shares of the apparel retailer's stock after buying an additional 7,804 shares during the quarter. Tower Research Capital LLC TRC's holdings in Lululemon Athletica were worth $4,860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at $26,000. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $32,000. Asset Planning Inc purchased a new position in Lululemon Athletica in the 4th quarter worth about $33,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after buying an additional 65 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. BMO Capital Markets decreased their price objective on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a research note on Friday, March 28th. Raymond James reaffirmed a "market perform" rating and set a $430.00 price objective on shares of Lululemon Athletica in a research report on Friday, March 28th. BTIG Research decreased their target price on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research note on Friday, March 28th. William Blair reiterated an "outperform" rating on shares of Lululemon Athletica in a report on Thursday, April 3rd. Finally, Cfra Research raised Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $372.28.

Lululemon Athletica Stock Up 1.8 %

NASDAQ LULU traded up $4.79 on Thursday, reaching $270.64. The company had a trading volume of 1,282,924 shares, compared to its average volume of 2,225,361. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The stock has a market cap of $32.65 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.22 and a beta of 1.31. The stock's 50 day moving average is $309.91 and its 200-day moving average is $338.09.

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. As a group, analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Lululemon Athletica 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.