GeoWealth Management LLC Raises Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

GeoWealth Management LLC increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 46.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 470 shares of the apparel retailer’s stock after purchasing an additional 149 shares during the quarter. GeoWealth Management LLC’s holdings in Lululemon Athletica were worth $180,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $26,000. Kestra Investment Management LLC purchased a new position in Lululemon Athletica in the 4th quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica during the fourth quarter worth $32,000. Sound Income Strategies LLC boosted its position in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in Lululemon Athletica in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $265.89 on Thursday. The company has a market capitalization of $32.08 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The business has a 50-day moving average of $309.91 and a 200-day moving average of $338.09.

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

Analyst Ratings Changes

LULU has been the topic of several recent research reports. Telsey Advisory Group decreased their price objective on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Citigroup set a $330.00 price target on shares of Lululemon Athletica and gave the company a “negative” rating in a report on Friday, March 28th. UBS Group dropped their price objective 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. Raymond James reaffirmed a “market perform” rating and issued a $430.00 target price on shares of Lululemon Athletica in a research note on Friday, March 28th. Finally, BTIG Research dropped their price target on Lululemon Athletica from $470.00 to $420.00 and set a “buy” 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $372.28.

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.