Pilgrim Partners Asia Pte Ltd Purchases New Position 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 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 260 shares of the apparel retailer’s stock, valued at approximately $99,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Beacon Capital Management LLC increased its position in shares of Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after purchasing an additional 24 shares in the last quarter. Edgestream Partners L.P. increased its holdings in shares of Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after buying an additional 25 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after buying an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of Lululemon Athletica by 9.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock valued at $124,000 after acquiring an additional 28 shares during the last quarter. Finally, LGT Fund Management Co Ltd. boosted its holdings in shares of Lululemon Athletica by 3.3% in the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after acquiring an additional 30 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $263.70 on Friday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The company’s 50 day moving average price is $353.59 and its two-hundred day moving average price is $339.47. The company has a market capitalization of $32.11 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $5.29 earnings per share. Analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LULU. Bank of America cut their price objective on Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Truist Financial reduced their price target on shares of Lululemon Athletica from $460.00 to $380.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday. Morgan Stanley reduced their target price on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Finally, Telsey Advisory Group lowered their price target on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have given 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.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $378.31.

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.