Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. increased its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,500 shares of the apparel retailer's stock after buying an additional 5,100 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.10% of Lululemon Athletica worth $47,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LULU shares. Piper Sandler cut their price target on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. UBS Group reduced their target price on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a report on Friday, March 28th. The Goldman Sachs Group dropped their price target on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Finally, BTIG Research cut their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, ten 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 company currently has an average rating of "Moderate Buy" and an average price target of $370.38.

Lululemon Athletica Trading Down 2.3 %

Lululemon Athletica stock traded down $6.30 during mid-day trading on Wednesday, hitting $264.98. The company's stock had a trading volume of 611,113 shares, compared to its average volume of 2,220,054. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The firm has a market capitalization of $31.97 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The stock's fifty day moving average is $302.03 and its two-hundred day moving average is $338.37.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued 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. The business had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company's revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $5.29 earnings per share. On average, equities analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.