Avenir Corp Acquires 5,658 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Avenir Corp boosted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,305 shares of the apparel retailer’s stock after buying an additional 5,658 shares during the period. Lululemon Athletica makes up approximately 4.8% of Avenir Corp’s portfolio, making the stock its 9th biggest position. Avenir Corp owned about 0.10% of Lululemon Athletica worth $47,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of LULU. Investment Partners Asset Management Inc. acquired a new position in shares of Lululemon Athletica in the 4th quarter worth approximately $275,000. Nutshell Asset Management Ltd acquired a new position in Lululemon Athletica during the fourth quarter worth $956,000. Lebenthal Global Advisors LLC boosted its position in shares of Lululemon Athletica by 138.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after buying an additional 1,565 shares during the period. Montag A & Associates Inc. grew its stake in shares of Lululemon Athletica by 495.1% in the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after buying an additional 3,540 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at $17,775,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $249.37 on Thursday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The stock has a market capitalization of $30.08 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.22 and a beta of 1.31. The company has a 50-day simple moving average of $323.24 and a 200-day simple moving average of $338.41.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 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 period in the prior year, the business earned $5.29 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Piper Sandler cut their target price on shares of Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. 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 report on Friday, March 28th. JPMorgan Chase & Co. dropped their price target on shares of Lululemon Athletica from $391.00 to $389.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Barclays reduced their price objective on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $371.72.

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.