Semanteon Capital Management LP Purchases Shares of 1,750 Lululemon Athletica Inc. (NASDAQ:LULU)

Semanteon Capital Management LP acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,750 shares of the apparel retailer’s stock, valued at approximately $895,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Valley National Advisers Inc. boosted its position in Lululemon Athletica by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 42 shares during the period. Milestone Investment Advisors LLC acquired a new position in Lululemon Athletica during the 3rd quarter valued at about $27,000. Bogart Wealth LLC raised its position in shares of Lululemon Athletica by 270.0% during the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after buying an additional 54 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $31,000. Finally, Farmers & Merchants Investments Inc. bought a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $40,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the purchase, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LULU. HSBC decreased their price target on Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. TD Cowen dropped their price target on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Evercore ISI reduced their price objective on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Wedbush lowered their price objective on shares of Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Finally, Piper Sandler cut their price objective on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $483.61.

Lululemon Athletica Stock Down 1.3 %

Shares of LULU traded down $4.59 during mid-day trading on Thursday, hitting $360.00. 1,535,652 shares of the company’s stock were exchanged, compared to its average volume of 1,779,733. The stock has a market cap of $45.36 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 1.29 and a beta of 1.30. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39. The firm has a fifty day moving average of $412.27 and a two-hundred day moving average of $438.30.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the company posted $4.40 EPS. The firm’s revenue was up 15.6% on a year-over-year basis. On average, equities analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

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.