Lighthouse Financial LLC Purchases New Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Lighthouse Financial LLC acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000 shares of the apparel retailer's stock, valued at approximately $765,000. Lululemon Athletica accounts for approximately 0.6% of Lighthouse Financial LLC's investment portfolio, making the stock its 27th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Alpha Wealth Funds LLC bought a new position in shares of Lululemon Athletica during the 4th quarter worth $768,000. TFR Capital LLC. bought a new position in Lululemon Athletica in the 4th quarter worth approximately $1,094,000. Audent Global Asset Management LLC boosted its holdings in Lululemon Athletica by 275.6% in the 4th quarter. Audent Global Asset Management LLC now owns 7,774 shares of the apparel retailer's stock worth $2,973,000 after buying an additional 5,704 shares during the period. Park Square Financial Group LLC bought a new position in Lululemon Athletica in the 4th quarter worth approximately $137,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Lululemon Athletica in the 4th quarter worth approximately $50,379,000. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Trading Down 1.2%

Shares of LULU stock traded down $3.66 during trading hours on Friday, hitting $313.43. 3,649,987 shares of the company's stock were exchanged, compared to its average volume of 2,162,057. The company has a market capitalization of $37.81 billion, a PE ratio of 22.63, a PEG ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The business's 50 day simple moving average is $284.85 and its 200-day simple moving average is $338.00.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its 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 company had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm's revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $5.29 EPS. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LULU shares. BTIG Research cut their price target on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a report on Friday, March 28th. Oppenheimer raised their target price on Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Piper Sandler reduced their target price on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Morgan Stanley cut their price objective on shares of Lululemon Athletica from $373.00 to $346.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, William Blair restated an "outperform" rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. 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 given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $369.52.

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.