Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 37,062.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 563,006 shares of the apparel retailer's stock after purchasing an additional 561,491 shares during the period. GAMMA Investing LLC owned approximately 0.46% of Lululemon Athletica worth $159,364,000 at the end of the most recent reporting period.

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

Lululemon Athletica Price Performance

LULU traded up $1.67 during trading hours on Wednesday, hitting $336.58. 1,705,690 shares of the stock were exchanged, compared to its average volume of 2,163,711. The stock has a market cap of $40.60 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 2.22 and a beta of 1.26. The stock has a 50-day simple moving average of $284.42 and a 200-day simple moving average of $338.00. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion during 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%. The company's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $5.29 EPS. Sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LULU shares. The Goldman Sachs Group cut their price target on shares of Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. UBS Group reduced their target price on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. Wells Fargo & Company lowered their price target on Lululemon Athletica from $315.00 to $300.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Piper Sandler raised their price objective on Lululemon Athletica from $280.00 to $315.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Argus downgraded Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned 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 an average rating of "Moderate Buy" and an average target price of $367.10.

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.