Chicago Capital LLC Acquires 1,197 Shares of lululemon athletica inc. (NASDAQ:LULU)

Chicago Capital LLC raised its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 29.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,303 shares of the apparel retailer's stock after buying an additional 1,197 shares during the period. Chicago Capital LLC's holdings in lululemon athletica were worth $1,501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TCTC Holdings LLC acquired a new stake in shares of lululemon athletica in the 4th quarter valued at $26,000. Anderson Financial Strategies LLC bought a new position in lululemon athletica during the 4th quarter worth $30,000. Kestra Investment Management LLC bought a new position in lululemon athletica during the 4th quarter worth $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in lululemon athletica during the 4th quarter worth about $32,000. Finally, Pittenger & Anderson Inc. grew its holdings in lululemon athletica by 53.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer's stock worth $36,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Stock Down 0.5%

NASDAQ LULU traded down $1.18 on Friday, reaching $227.47. The company had a trading volume of 4,892,900 shares, compared to its average volume of 2,251,591. The stock has a market capitalization of $27.26 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26. The firm's 50 day moving average price is $281.72 and its 200 day moving average price is $332.27. lululemon athletica inc. has a 12 month low of $226.01 and a 12 month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.60. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. lululemon athletica's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.54 EPS. On average, research analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Wall Street Analysts Forecast Growth

LULU has been the subject of several research reports. Raymond James Financial restated a "market perform" rating and issued a $430.00 target price on shares of lululemon athletica in a research note on Friday, March 28th. Piper Sandler lifted their price target on lululemon athletica from $280.00 to $315.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Citigroup dropped their target price on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. JPMorgan Chase & Co. dropped their target price on shares of lululemon athletica from $389.00 to $303.00 and set an "overweight" rating on the stock in a research report on Friday, June 6th. Finally, Robert W. Baird dropped their target price on shares of lululemon athletica from $350.00 to $340.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, lululemon athletica has an average rating of "Moderate Buy" and a consensus 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.