Sfmg LLC Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Sfmg LLC acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 516 shares of the apparel retailer’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC lifted its stake in shares of Lululemon Athletica by 3.8% in the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock valued at $293,000 after purchasing an additional 21 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in shares of Lululemon Athletica by 1.9% in the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock valued at $612,000 after purchasing an additional 22 shares during the last quarter. Pinnacle Financial Partners Inc lifted its stake in shares of Lululemon Athletica by 1.9% in the 4th quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock valued at $646,000 after purchasing an additional 23 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in shares of Lululemon Athletica by 11.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock valued at $97,000 after purchasing an additional 25 shares during the last quarter. Finally, Sage Mountain Advisors LLC lifted its stake in shares of Lululemon Athletica by 3.3% in the 3rd quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer’s stock valued at $312,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Cowen decreased their price target on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Needham & Company LLC cut their price objective on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Robert W. Baird boosted their price objective on Lululemon Athletica from $520.00 to $555.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Oppenheimer reiterated an “outperform” rating and issued a $445.00 price objective (down previously from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. Finally, Piper Sandler cut their price objective on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $485.39.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average cost of $389.29 per share, with a total value of $272,503.00. Following the purchase, the director now owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

Lululemon Athletica Stock Up 1.7 %

Shares of NASDAQ LULU opened at $344.86 on Thursday. The stock has a market cap of $43.46 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. Lululemon Athletica Inc. has a 52-week low of $326.93 and a 52-week high of $516.39. The business has a 50-day moving average price of $424.95 and a 200 day moving average price of $439.26.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data 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 period last year, the firm earned $4.40 EPS. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. Sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

About Lululemon Athletica

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.