Sowell Financial Services LLC Invests $805,000 in lululemon athletica inc. (NASDAQ:LULU)

Sowell Financial Services LLC acquired a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,842 shares of the apparel retailer's stock, valued at approximately $805,000.

Several other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of lululemon athletica by 95.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after purchasing an additional 2,371,079 shares in the last quarter. Mawer Investment Management Ltd. bought a new stake in shares of lululemon athletica during the 4th quarter worth about $523,520,000. Diamond Hill Capital Management Inc. bought a new stake in shares of lululemon athletica during the 4th quarter worth about $370,062,000. Alliancebernstein L.P. raised its position in shares of lululemon athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after buying an additional 571,657 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of lululemon athletica by 37,062.1% during the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after buying an additional 561,491 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Truist Financial dropped their target price on lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a report on Friday, June 6th. TD Securities boosted their price objective on lululemon athletica from $370.00 to $373.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. William Blair reissued an "outperform" rating on shares of lululemon athletica in a research note on Thursday, April 3rd. CICC Research reiterated a "market perform" rating and issued a $280.49 price target on shares of lululemon athletica in a research report on Monday, June 9th. Finally, Piper Sandler boosted their price target on shares of lululemon athletica from $280.00 to $315.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $340.26.

lululemon athletica Stock Performance

Shares of NASDAQ LULU traded down $1.18 during mid-day trading on Friday, reaching $227.47. The company had a trading volume of 4,892,900 shares, compared to its average volume of 2,251,591. lululemon athletica inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The stock has a market capitalization of $27.26 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26. The stock's 50 day moving average is $281.72 and its 200-day moving average is $332.27.

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

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.