Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 100.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the apparel retailer’s stock after purchasing an additional 5,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Lululemon Athletica were worth $2,831,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. TCTC Holdings LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth approximately $26,000. Anderson Financial Strategies LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth approximately $30,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $32,000. Finally, MV Capital Management Inc. raised its holdings in shares of Lululemon Athletica by 66.1% during the 4th quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 37 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Price Performance

Shares of LULU opened at $241.29 on Tuesday. The firm’s 50 day moving average is $284.63 and its 200-day moving average is $335.27. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The stock has a market capitalization of $28.92 billion, a P/E ratio of 17.42, a P/E/G ratio of 2.22 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.60. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 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 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.54 earnings per share. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LULU has been the topic of a number of recent research reports. Citigroup decreased their target price on shares of Lululemon Athletica from $325.00 to $270.00 and set a “neutral” rating for the company in a research note on Friday, June 6th. Needham & Company LLC lowered their target price on shares of Lululemon Athletica from $366.00 to $317.00 and set a “buy” rating for the company in a research note on Friday, June 6th. TD Securities increased their price target on Lululemon Athletica from $370.00 to $373.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Piper Sandler increased their price objective on shares of Lululemon Athletica from $280.00 to $315.00 and gave the stock a “neutral” rating in a report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on Lululemon Athletica from $389.00 to $303.00 and set an “overweight” rating for the company in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average target price of $340.26.

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.