Narwhal Capital Management Buys 13,600 Shares of lululemon athletica inc. (NASDAQ:LULU)

Narwhal Capital Management grew its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 262.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,777 shares of the apparel retailer's stock after buying an additional 13,600 shares during the period. Narwhal Capital Management's holdings in lululemon athletica were worth $5,315,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LULU. TCTC Holdings LLC bought a new stake in shares of lululemon athletica in the 4th quarter worth approximately $26,000. Anderson Financial Strategies LLC acquired a new stake in lululemon athletica in the fourth quarter worth $30,000. Bradley & Co. Private Wealth Management LLC bought a new stake in lululemon athletica in the fourth quarter valued at $32,000. Garde Capital Inc. acquired a new position in shares of lululemon athletica during the first quarter valued at $35,000. Finally, MV Capital Management Inc. grew its position in shares of lululemon athletica by 66.1% during the fourth quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock worth $36,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of analyst reports. BTIG Research reduced their target price on shares of lululemon athletica from $420.00 to $405.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Bank of America reduced their price objective on lululemon athletica from $400.00 to $370.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Truist Financial lowered their target price on lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Stifel Nicolaus reduced their price target on lululemon athletica from $353.00 to $324.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Finally, Argus cut lululemon athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $340.26.

lululemon athletica Stock Performance

Shares of NASDAQ LULU traded up $3.44 during mid-day trading on Friday, reaching $235.02. The company had a trading volume of 6,198,966 shares, compared to its average volume of 2,297,278. lululemon athletica inc. has a twelve month low of $219.97 and a twelve month high of $423.32. The stock's 50 day moving average is $279.84 and its 200-day moving average is $328.40. The stock has a market capitalization of $28.17 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 2.13 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting analysts' consensus estimates of $2.60. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $2.54 EPS. On average, sell-side analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

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.