Strategic Wealth Partners Ltd. Has $4.01 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Strategic Wealth Partners Ltd. increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 126.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,246 shares of the apparel retailer's stock after purchasing an additional 5,722 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in Lululemon Athletica were worth $4,005,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beacon Capital Management LLC increased its stake in Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after purchasing an additional 24 shares during the last quarter. Edgestream Partners L.P. raised its holdings in shares of Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after purchasing an additional 25 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock worth $389,000 after purchasing an additional 26 shares during the period. Dnca Finance raised its holdings in shares of Lululemon Athletica by 15.1% during the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after purchasing an additional 26 shares during the period. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after purchasing an additional 28 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. BTIG Research decreased their target price on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research note on Friday, March 28th. BMO Capital Markets decreased their target price on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a research note on Friday, March 28th. Telsey Advisory Group decreased their target price on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Piper Sandler decreased their target price on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. decreased their target price on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $368.72.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded down $9.61 during trading on Wednesday, hitting $317.56. The company had a trading volume of 1,322,378 shares, compared to its average volume of 2,208,020. The company has a market cap of $38.31 billion, a P/E ratio of 22.93, a PEG ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The business's 50-day moving average is $286.51 and its 200 day moving average is $338.05.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 42.16% and a net margin of 17.05%. The firm's revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.29 earnings per share. On average, research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.