Governors Lane LP Buys 10,400 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Governors Lane LP boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 26.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,900 shares of the apparel retailer's stock after buying an additional 10,400 shares during the quarter. Lululemon Athletica makes up 1.5% of Governors Lane LP's portfolio, making the stock its 20th largest position. Governors Lane LP's holdings in Lululemon Athletica were worth $19,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. TCTC Holdings LLC bought a new position in Lululemon Athletica during the 4th quarter worth about $26,000. Anderson Financial Strategies LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $30,000. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica during the fourth quarter valued at approximately $32,000. Finally, Sound Income Strategies LLC raised its stake in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after buying an additional 65 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LULU has been the topic of a number of analyst reports. William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Citigroup decreased their price target on shares of Lululemon Athletica from $330.00 to $275.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company cut their price objective on shares of Lululemon Athletica from $315.00 to $300.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus decreased their target price on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Barclays cut their price target on shares of Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $369.86.

Lululemon Athletica Stock Performance

Shares of LULU opened at $279.89 on Friday. The company has a market capitalization of $33.77 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.22 and a beta of 1.30. The business's 50-day moving average is $288.50 and its two-hundred day moving average is $337.17. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the company earned $5.29 earnings per share. Lululemon Athletica's revenue for the quarter was up 12.3% compared to the same quarter last year. Analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.

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