Tower Research Capital LLC TRC Raises Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Tower Research Capital LLC TRC lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 159.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,709 shares of the apparel retailer’s stock after purchasing an additional 7,804 shares during the period. Tower Research Capital LLC TRC’s holdings in Lululemon Athletica were worth $4,860,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Beacon Capital Management LLC lifted its holdings in Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after buying an additional 24 shares during the period. Edgestream Partners L.P. raised its position in shares of Lululemon Athletica by 0.7% in the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after acquiring an additional 25 shares in the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after purchasing an additional 26 shares during the period. Dnca Finance grew its stake in Lululemon Athletica by 15.1% in the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer’s stock worth $76,000 after purchasing an additional 26 shares during the period. Finally, Capital Advisors Ltd. LLC raised its holdings in Lululemon Athletica by 9.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 0.7 %

Shares of NASDAQ:LULU opened at $251.08 on Monday. The firm’s 50 day moving average price is $317.33 and its 200-day moving average price is $339.24. The stock has a market capitalization of $30.29 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32.

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

Analyst Upgrades and Downgrades

LULU has been the topic of a number of research reports. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Citigroup set a $330.00 price objective on shares of Lululemon Athletica and gave the stock a “negative” rating in a research note on Friday, March 28th. UBS Group decreased their target price on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Piper Sandler dropped their price target on Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley reduced their price objective on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $371.72.

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.