Robinhood Asset Management LLC Buys Shares of 24,719 lululemon athletica inc. $LULU

Key Points

• Robinhood Asset Management opened a new position of 24,719 shares of lululemon (~$5.14M) in Q4 per its 13F filing, and institutional ownership of the stock stands at about 85.20% with several funds materially increasing stakes.
• lululemon beat quarterly estimates—EPS $5.01 vs. $4.78 and revenue $3.64B vs. $3.59B—though revenue was roughly flat YoY; the stock trades near $156 (1‑year high $340) and analysts have trimmed targets, leaving a consensus "Hold" rating with a $206.77 price target.
• Insiders have been buying recently: Director Charles V. Bergh bought 6,090 shares and CEO Andre Maestrini bought 3,275 shares, with insiders owning about 0.54% of the company.

Robinhood Asset Management LLC purchased a new position in 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. The fund purchased 24,719 shares of the apparel retailer's stock, valued at approximately $5,137,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Hussman Strategic Advisors Inc. grew its position in lululemon athletica by 66.7% during the 3rd quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the apparel retailer's stock worth $3,737,000 after purchasing an additional 8,400 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of lululemon athletica by 2,598.9% in the 3rd quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer's stock valued at $84,687,000 after buying an additional 458,322 shares during the period. Pacific Heights Asset Management LLC boosted its stake in shares of lululemon athletica by 44.4% in the third quarter. Pacific Heights Asset Management LLC now owns 65,000 shares of the apparel retailer's stock worth $11,565,000 after buying an additional 20,000 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of lululemon athletica in the second quarter worth about $3,276,000. Finally, Mediolanum International Funds Ltd grew its holdings in lululemon athletica by 72.8% during the third quarter. Mediolanum International Funds Ltd now owns 54,318 shares of the apparel retailer's stock worth $9,729,000 after acquiring an additional 22,891 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica Stock Performance

lululemon athletica stock opened at $156.18 on Tuesday. The company's fifty day moving average price is $169.65 and its 200 day moving average price is $179.82. lululemon athletica inc. has a 1 year low of $143.96 and a 1 year high of $340.25. The stock has a market capitalization of $18.85 billion, a P/E ratio of 11.74, a P/E/G ratio of 4.79 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share for the quarter, topping analysts' consensus estimates of $4.78 by $0.23. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same period in the prior year, the business posted $6.14 earnings per share. The firm's revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

Wall Street Analyst Weigh In

LULU has been the subject of several recent research reports. Jefferies Financial Group decreased their price target on lululemon athletica from $200.00 to $185.00 and set a "hold" rating for the company in a report on Friday, January 30th. Truist Financial decreased their target price on shares of lululemon athletica from $200.00 to $170.00 and set a "hold" rating for the company in a research note on Wednesday, March 18th. Stifel Nicolaus dropped their price target on shares of lululemon athletica from $210.00 to $176.00 and set a "hold" rating on the stock in a research report on Wednesday, March 18th. Robert W. Baird cut their price objective on shares of lululemon athletica from $210.00 to $190.00 and set a "neutral" rating for the company in a report on Wednesday, March 18th. Finally, Telsey Advisory Group decreased their price objective on shares of lululemon athletica from $215.00 to $175.00 and set a "market perform" rating for the company in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twenty-eight have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $206.77.

Insider Activity

In other news, Director Charles V. Bergh acquired 6,090 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average cost of $164.20 per share, for a total transaction of $999,978.00. Following the acquisition, the director owned 6,090 shares in the company, valued at approximately $999,978. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andre Maestrini acquired 3,275 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were purchased at an average price of $151.02 per share, with a total value of $494,590.50. Following the completion of the purchase, the chief executive officer owned 34,551 shares in the company, valued at $5,217,892.02. This represents a 10.47% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.54% of the company's stock.

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company's product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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