Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. lifted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 126.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,246 shares of the apparel retailer's stock after acquiring 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 SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TCTC Holdings LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $26,000. Anderson Financial Strategies LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $30,000. Kestra Investment Management LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth $32,000. Finally, Sound Income Strategies LLC grew its position in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Shares of LULU traded down $7.88 during mid-day trading on Friday, reaching $312.59. The stock had a trading volume of 691,850 shares, compared to its average volume of 2,172,190. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The firm has a market cap of $37.71 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 2.22 and a beta of 1.30. The business's fifty day moving average is $286.51 and its 200 day moving average is $337.93.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share 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 analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica's 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. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LULU has been the topic of several recent analyst reports. Truist Financial lowered their target price on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a report on Thursday, April 3rd. Piper Sandler cut their price objective on Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Telsey Advisory Group decreased their target price on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Finally, BTIG Research dropped their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and a consensus target price of $368.72.

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.