Pilgrim Partners Asia Pte Ltd Makes New $99,000 Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 260 shares of the apparel retailer’s stock, valued at approximately $99,000.

Several other hedge funds also recently modified their holdings of the stock. TCTC Holdings LLC acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Lululemon Athletica in the fourth quarter valued at $32,000. Sound Income Strategies LLC increased its holdings in Lululemon Athletica by 309.5% during 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 last quarter. Finally, Asset Planning Inc bought a new stake in Lululemon Athletica during the fourth quarter worth $33,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 3.1 %

Shares of NASDAQ:LULU opened at $263.70 on Friday. The firm has a 50 day moving average of $353.59 and a 200-day moving average of $339.47. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The stock has a market capitalization of $32.11 billion, a PE ratio of 19.04, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last announced 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 for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period last year, the firm posted $5.29 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LULU shares. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday. Needham & Company LLC lowered their price target on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Piper Sandler cut their price objective on Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Raymond James reaffirmed a “market perform” rating and set a $430.00 price target 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 issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $378.31.

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.