Lululemon Athletica Inc. (NASDAQ:LULU) Stake Raised by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 14.6% in the 4th quarter, Holdings Channel reports. The fund owned 2,420 shares of the apparel retailer’s stock after purchasing an additional 309 shares during the period. Gordian Capital Singapore Pte Ltd’s holdings in Lululemon Athletica were worth $925,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Orion Capital Management LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth about $90,000. Novem Group purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $922,000. Lantern Wealth Advisors LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $222,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Lululemon Athletica by 10.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 934,919 shares of the apparel retailer’s stock worth $357,522,000 after purchasing an additional 89,544 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $951,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of recent research reports. Telsey Advisory Group cut their price target on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. BTIG Research lowered their price objective on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Piper Sandler lowered their price objective on Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Truist Financial lowered their price objective on Lululemon Athletica from $380.00 to $297.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Wells Fargo & Company lowered their price objective on Lululemon Athletica from $315.00 to $300.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.72.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $317.56 on Thursday. The business has a 50 day simple moving average of $286.64 and a 200 day simple moving average of $337.91. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The company has a market capitalization of $38.31 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

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

Lululemon Athletica 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.