1,063 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,063 shares of the apparel retailer's stock, valued at approximately $407,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. TCTC Holdings LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $26,000. Anderson Financial Strategies LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $30,000. Kestra Investment Management LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $32,000. Finally, Asset Planning Inc bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $33,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on LULU. Citigroup boosted their target price on Lululemon Athletica from $275.00 to $325.00 and gave the stock a "neutral" rating in a research report on Thursday. Piper Sandler decreased their price objective 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. JPMorgan Chase & Co. decreased their price objective 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. Telsey Advisory Group decreased their price objective 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. Finally, BTIG Research decreased their price objective 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica has a consensus rating of "Moderate Buy" and a consensus price target of $369.52.

Lululemon Athletica Trading Down 1.2%

Shares of Lululemon Athletica stock traded down $3.66 during trading on Friday, reaching $313.43. The stock had a trading volume of 3,649,987 shares, compared to its average volume of 2,162,057. The company has a market capitalization of $37.81 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 2.22 and a beta of 1.30. The stock has a fifty day moving average price of $284.85 and a two-hundred day moving average price of $337.95. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32.

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