22,944 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. acquired 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 filing with the Securities and Exchange Commission (SEC). The firm acquired 22,944 shares of the apparel retailer's stock, valued at approximately $8,774,000.

Several other institutional investors and hedge funds have also recently modified their holdings of LULU. TCTC Holdings LLC purchased a new position in Lululemon Athletica during the fourth quarter worth $26,000. Anderson Financial Strategies LLC bought a new position in Lululemon Athletica in the fourth quarter worth about $30,000. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica in the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica in the fourth quarter valued at approximately $32,000. Finally, Sound Income Strategies LLC boosted its position in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after buying an additional 65 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Performance

Shares of LULU stock traded up $3.77 during trading hours on Thursday, hitting $319.52. The company had a trading volume of 1,549,840 shares, compared to its average volume of 2,164,297. 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 $38.55 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 2.22 and a beta of 1.30. The firm's fifty day moving average is $285.68 and its 200 day moving average is $337.94.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Raymond James reaffirmed a "market perform" rating and set a $430.00 target price on shares of Lululemon Athletica in a research note on Friday, March 28th. The Goldman Sachs Group lowered their price target on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Telsey Advisory Group reduced their price target on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Truist Financial cut their target price on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. cut their price target on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. One investment 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 company's stock. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and a consensus price target of $367.79.

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.