Vega Investment Solutions Invests $300,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Vega Investment Solutions acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 785 shares of the apparel retailer's stock, valued at approximately $300,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in Lululemon Athletica by 95.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after acquiring an additional 2,371,079 shares during the period. Alliancebernstein L.P. raised its position in Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after acquiring an additional 571,657 shares during the period. Geode Capital Management LLC raised its position in Lululemon Athletica by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after acquiring an additional 10,461 shares during the period. Capital World Investors grew its holdings in shares of Lululemon Athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after buying an additional 556,406 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after buying an additional 421,890 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LULU has been the subject of a number of research reports. Morgan Stanley dropped their target price on shares of Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Piper Sandler dropped their target price on shares of Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a report on Friday, April 11th. William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a report on Thursday, April 3rd. Citigroup dropped their price objective on shares of Lululemon Athletica from $330.00 to $275.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, Oppenheimer upped their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $368.72.

Lululemon Athletica Stock Down 3.0%

Lululemon Athletica stock traded down $9.70 during mid-day trading on Friday, hitting $310.76. The company had a trading volume of 1,989,792 shares, compared to its average volume of 2,169,934. The stock has a market cap of $37.49 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The business has a fifty day moving average of $286.26 and a 200 day moving average of $338.20.

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