2,000 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Alpha Wealth Funds LLC

Alpha Wealth Funds LLC bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,000 shares of the apparel retailer's stock, valued at approximately $768,000. Lululemon Athletica accounts for about 0.7% of Alpha Wealth Funds LLC's holdings, making the stock its 24th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Lululemon Athletica by 95.7% during the 4th 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 purchasing an additional 2,371,079 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in Lululemon Athletica during the 4th quarter worth approximately $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in Lululemon Athletica in the fourth quarter valued at approximately $370,062,000. Alliancebernstein L.P. boosted its stake in shares of Lululemon Athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after buying an additional 571,657 shares during the last quarter. Finally, Capital World Investors raised its position in shares of Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after acquiring an additional 556,406 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on LULU. JPMorgan Chase & Co. lowered their target price on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. UBS Group cut their target price on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Morgan Stanley lowered their target price on shares of Lululemon Athletica from $373.00 to $346.00 and set an "overweight" rating on the stock in a report on Wednesday. Truist Financial reduced their target price on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Argus lowered shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and a consensus target price of $369.52.

Lululemon Athletica Trading Down 1.2%

NASDAQ:LULU traded down $3.66 during midday trading on Friday, reaching $313.43. The company had a trading volume of 3,649,987 shares, compared to its average volume of 2,162,057. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The firm has a market capitalization of $37.81 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.22 and a beta of 1.30. The stock's fifty day simple moving average is $284.85 and its 200-day simple moving average is $338.00.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced 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. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the company earned $5.29 EPS. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current 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.