AXS Investments LLC Acquires 500 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

AXS Investments LLC grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 33.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,000 shares of the apparel retailer’s stock after acquiring an additional 500 shares during the period. AXS Investments LLC’s holdings in Lululemon Athletica were worth $1,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LULU. Cambridge Investment Research Advisors Inc. increased its position in shares of Lululemon Athletica by 17.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 12,520 shares of the apparel retailer’s stock valued at $6,401,000 after buying an additional 1,870 shares during the period. Enterprise Financial Services Corp purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at about $205,000. Tidemark LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at about $26,000. Alpha Family Trust purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at about $235,000. Finally, Giverny Capital Inc. increased its position in shares of Lululemon Athletica by 1.0% during the fourth quarter. Giverny Capital Inc. now owns 121,777 shares of the apparel retailer’s stock valued at $62,263,000 after buying an additional 1,188 shares during the period. 85.20% of the stock is owned by institutional investors.

Insider Activity at Lululemon Athletica

In other news, Director Martha A. M. Morfitt bought 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the purchase, the director now directly owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

LULU has been the topic of several analyst reports. Needham & Company LLC dropped their target price on shares of Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. JPMorgan Chase & Co. dropped their target price on shares of Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Wells Fargo & Company lowered their price objective on shares of Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Friday, March 22nd. Truist Financial lowered their price objective on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Finally, BTIG Research initiated coverage on shares of Lululemon Athletica in a research report on Wednesday, May 8th. They issued a “buy” rating and a $425.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $465.13.

Lululemon Athletica Stock Up 1.4 %

Shares of Lululemon Athletica stock traded up $4.24 on Friday, reaching $303.97. The stock had a trading volume of 1,631,842 shares, compared to its average volume of 1,863,949. The company has a 50 day moving average price of $366.72 and a 200 day moving average price of $431.38. Lululemon Athletica Inc. has a 1 year low of $295.28 and a 1 year high of $516.39. The stock has a market capitalization of $38.30 billion, a P/E ratio of 25.03, a P/E/G ratio of 1.34 and a beta of 1.30.

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