Avenir Corp Acquires 5,658 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Avenir Corp grew its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,305 shares of the apparel retailer’s stock after buying an additional 5,658 shares during the quarter. Lululemon Athletica comprises 4.8% of Avenir Corp’s investment portfolio, making the stock its 9th biggest holding. Avenir Corp’s holdings in Lululemon Athletica were worth $47,153,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Marshall Wace LLP boosted its position in shares of Lululemon Athletica by 14.8% during the 4th quarter. Marshall Wace LLP now owns 65,704 shares of the apparel retailer’s stock worth $25,126,000 after purchasing an additional 8,493 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Lululemon Athletica by 4.0% in the fourth quarter. NewEdge Advisors LLC now owns 3,662 shares of the apparel retailer’s stock valued at $1,400,000 after purchasing an additional 141 shares during the period. Evergreen Capital Management LLC boosted its holdings in Lululemon Athletica by 2.6% during the fourth quarter. Evergreen Capital Management LLC now owns 29,234 shares of the apparel retailer’s stock worth $11,179,000 after buying an additional 750 shares in the last quarter. United Capital Financial Advisors LLC grew its position in Lululemon Athletica by 5.9% during the fourth quarter. United Capital Financial Advisors LLC now owns 4,968 shares of the apparel retailer’s stock worth $1,900,000 after buying an additional 278 shares during the period. Finally, Anchor Investment Management LLC increased its holdings in Lululemon Athletica by 24.2% in the fourth quarter. Anchor Investment Management LLC now owns 5,691 shares of the apparel retailer’s stock valued at $2,176,000 after buying an additional 1,109 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Down 2.5 %

Shares of LULU opened at $249.37 on Thursday. The firm has a market cap of $30.08 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The company’s fifty day moving average is $323.24 and its two-hundred day moving average is $338.41. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results 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 the consensus estimate of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.29 earnings per share. As a group, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analyst Weigh In

LULU has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. BMO Capital Markets lowered their target price on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating on the stock in a report on Friday, March 28th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Robert W. Baird decreased their price objective on shares of Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Finally, Raymond James restated a “market perform” rating and set a $430.00 target price on shares of Lululemon Athletica in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $371.72.

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.