Covestor Ltd Grows Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Covestor Ltd increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 881 shares of the apparel retailer’s stock after purchasing an additional 48 shares during the period. Covestor Ltd’s holdings in Lululemon Athletica were worth $337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beacon Capital Management LLC grew its stake in Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after purchasing an additional 24 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after buying an additional 25 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after buying an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock valued at $124,000 after purchasing an additional 28 shares during the period. Finally, LGT Fund Management Co Ltd. raised its stake in Lululemon Athletica by 3.3% during the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after buying an additional 30 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

Shares of LULU traded down $17.00 during trading hours on Thursday, hitting $256.84. The stock had a trading volume of 852,615 shares, compared to its average volume of 2,227,483. The stock has a fifty day moving average price of $338.57 and a 200 day moving average price of $339.30. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The firm has a market capitalization of $30.98 billion, a PE ratio of 18.54, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating 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 analysts’ expectations of $3.59 billion. During the same quarter in the prior year, the firm posted $5.29 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on LULU shares. Evercore ISI increased their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Stifel Nicolaus reduced their target price on Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Truist Financial lowered their price objective on Lululemon Athletica from $380.00 to $297.00 and set a “buy” rating on the stock in a research report on Wednesday. BMO Capital Markets cut their price target on 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. Finally, Bank of America lowered their price target on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $375.45.

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.