Fairtree Asset Management Pty Ltd Purchases Shares of 1,299 Lululemon Athletica Inc. (NASDAQ:LULU)

Fairtree Asset Management Pty Ltd bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,299 shares of the apparel retailer's stock, valued at approximately $497,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LULU. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at $26,000. Anderson Financial Strategies LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at $30,000. Kestra Investment Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at $32,000. Finally, Asset Planning Inc acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LULU shares. JPMorgan Chase & Co. reduced their target price on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. KeyCorp cut their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. BTIG Research decreased their price objective on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Cfra Research raised shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Finally, Truist Financial decreased their price objective on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. One research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $369.52.

Lululemon Athletica Trading Down 1.2%

LULU traded down $3.66 on Friday, hitting $313.43. 3,649,987 shares of the company's stock were exchanged, compared to its average volume of 2,171,004. The firm has a market cap of $37.81 billion, a PE ratio of 22.63, a P/E/G ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The stock has a fifty day moving average of $285.33 and a two-hundred day moving average of $337.93.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. The firm 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%. Lululemon Athletica's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.29 earnings per share. On average, analysts predict 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.