GF Fund Management CO. LTD. Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

GF Fund Management CO. LTD. acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,944 shares of the apparel retailer's stock, valued at approximately $8,774,000.

Several other large investors also recently added to or reduced their stakes in the company. Investment Partners Asset Management Inc. bought a new position in Lululemon Athletica in the 4th quarter worth about $275,000. Nutshell Asset Management Ltd bought a new position in Lululemon Athletica in the 4th quarter worth about $956,000. Lebenthal Global Advisors LLC boosted its stake in Lululemon Athletica by 138.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock worth $1,032,000 after purchasing an additional 1,565 shares during the period. Montag A & Associates Inc. boosted its stake in Lululemon Athletica by 495.1% in the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after purchasing an additional 3,540 shares during the period. Finally, Northwest & Ethical Investments L.P. bought a new position in Lululemon Athletica in the 4th quarter worth about $17,775,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Trading Up 3.4%

LULU stock traded up $10.44 during midday trading on Tuesday, hitting $321.20. The company had a trading volume of 2,193,229 shares, compared to its average volume of 2,170,027. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The stock's 50 day moving average price is $285.89 and its 200 day moving average price is $338.22. The stock has a market cap of $38.75 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.22 and a beta of 1.30.

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 the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the company posted $5.29 earnings per share. The business's revenue was up 12.3% on a year-over-year basis. Analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Telsey Advisory Group cut their target price on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Robert W. Baird cut their target price on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Truist Financial dropped their price target on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. UBS Group dropped their price target on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Finally, Morgan Stanley dropped their price target on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $368.72.

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.