2,860 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by TFR Capital LLC.

TFR Capital LLC. purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,860 shares of the apparel retailer's stock, valued at approximately $1,094,000.

Other hedge funds have also recently modified their holdings of the company. Investment Partners Asset Management Inc. bought a new position in Lululemon Athletica during the fourth quarter valued at $275,000. Nutshell Asset Management Ltd bought a new position in Lululemon Athletica during the fourth quarter valued at $956,000. Lebenthal Global Advisors LLC increased its position in Lululemon Athletica by 138.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after acquiring an additional 1,565 shares during the last quarter. Montag A & Associates Inc. increased its position in Lululemon Athletica by 495.1% during the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock valued at $1,627,000 after acquiring an additional 3,540 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new position in Lululemon Athletica during the fourth quarter valued at $17,775,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LULU. Truist Financial cut their price target on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Robert W. Baird cut their price target on shares of Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Barclays cut their price target on shares of Lululemon Athletica from $309.00 to $276.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Argus cut shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, BMO Capital Markets dropped their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a report on Friday, March 28th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Lululemon Athletica has a consensus rating of "Moderate Buy" and a consensus price target of $369.52.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded down $3.66 during trading on Friday, hitting $313.43. 3,649,987 shares of the company were exchanged, compared to its average volume of 2,170,452. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The company has a fifty day moving average price of $284.85 and a 200-day moving average price of $337.88. The firm has a market capitalization of $37.81 billion, a PE ratio of 22.63, a P/E/G ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data 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 firm 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 firm earned $5.29 EPS. Research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal 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.