Los Angeles Capital Management LLC Acquires 114,067 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Los Angeles Capital Management LLC increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 101.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 226,391 shares of the apparel retailer’s stock after acquiring an additional 114,067 shares during the period. Los Angeles Capital Management LLC owned about 0.18% of Lululemon Athletica worth $115,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Valley National Advisers Inc. raised 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 valued at $25,000 after purchasing an additional 42 shares in the last quarter. Milestone Investment Advisors LLC bought a new stake in Lululemon Athletica during the 3rd quarter valued at $27,000. Bogart Wealth LLC raised its position in Lululemon Athletica by 270.0% during the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in Lululemon Athletica during the 4th quarter valued at $31,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in Lululemon Athletica during the 4th quarter valued at $40,000. 85.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Martha A. M. Morfitt acquired 700 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the purchase, the director now owns 500 shares in the company, valued at $194,645. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by company insiders.

Lululemon Athletica Price Performance

NASDAQ LULU traded down $3.13 during trading hours on Thursday, reaching $351.27. The company’s stock had a trading volume of 976,532 shares, compared to its average volume of 1,751,274. The firm has a market capitalization of $44.26 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.27 and a beta of 1.30. Lululemon Athletica Inc. has a 1-year low of $326.93 and a 1-year high of $516.39. The company’s 50-day moving average is $405.40 and its two-hundred day moving average is $438.38.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.19 billion. During the same quarter in the prior year, the firm posted $4.40 EPS. Lululemon Athletica’s quarterly revenue was up 15.6% compared to the same quarter last year. Equities analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $550.00 price target on shares of Lululemon Athletica in a report on Friday, March 22nd. HSBC cut their price target on Lululemon Athletica from $500.00 to $405.00 in a report on Wednesday, April 10th. Morgan Stanley cut their price target on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Piper Sandler cut their price target on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Finally, Guggenheim cut their price target on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $476.57.

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.