Inscription Capital LLC Takes $526,000 Position in lululemon athletica inc. (NASDAQ:LULU)

Inscription Capital LLC acquired a new stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,857 shares of the apparel retailer's stock, valued at approximately $526,000.

Several other large investors have also modified their holdings of the stock. Edgestream Partners L.P. raised its position in shares of lululemon athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after buying an additional 25 shares during the last quarter. Dnca Finance increased its stake in lululemon athletica by 15.1% during the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock valued at $76,000 after acquiring an additional 26 shares during the period. Capital Advisors Ltd. LLC increased its stake in lululemon athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock valued at $124,000 after acquiring an additional 28 shares during the period. LGT Fund Management Co Ltd. raised its holdings in lululemon athletica by 3.3% in the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock valued at $356,000 after acquiring an additional 30 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its position in shares of lululemon athletica by 0.5% in the 4th quarter. Aviance Capital Partners LLC now owns 5,836 shares of the apparel retailer's stock worth $2,232,000 after acquiring an additional 31 shares during the period. 85.20% of the stock is owned by institutional investors.

lululemon athletica Stock Down 2.8%

LULU stock traded down $6.55 during trading on Thursday, hitting $228.65. The company had a trading volume of 4,666,313 shares, compared to its average volume of 2,242,464. The firm has a 50-day moving average price of $282.95 and a 200-day moving average price of $333.84. lululemon athletica inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The stock has a market cap of $27.40 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 2.10 and a beta of 1.26.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LULU shares. Truist Financial cut their target price on lululemon athletica from $297.00 to $290.00 and set a "buy" rating for the company in a research note on Friday, June 6th. JPMorgan Chase & Co. dropped their price objective on shares of lululemon athletica from $389.00 to $303.00 and set an "overweight" rating for the company in a research note on Friday, June 6th. Citigroup reduced their price objective on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Telsey Advisory Group reissued an "outperform" rating and issued a $385.00 target price on shares of lululemon athletica in a research note on Monday, June 2nd. Finally, Needham & Company LLC dropped their price target on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company 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 given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, 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.