Graham Capital Management L.P. Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Graham Capital Management L.P. purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,102 shares of the apparel retailer's stock, valued at approximately $804,000.

A number of other large investors have also added to or reduced their stakes in LULU. Wealth Enhancement Advisory Services LLC raised its stake in Lululemon Athletica by 1.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,436 shares of the apparel retailer's stock valued at $5,903,000 after acquiring an additional 159 shares during the period. Czech National Bank increased its position in Lululemon Athletica by 4.5% during the 4th quarter. Czech National Bank now owns 24,491 shares of the apparel retailer's stock worth $9,366,000 after buying an additional 1,064 shares during the period. Fiduciary Alliance LLC bought a new position in Lululemon Athletica during the 4th quarter worth $727,000. Brookstone Capital Management increased its position in Lululemon Athletica by 106.4% during the 4th quarter. Brookstone Capital Management now owns 2,014 shares of the apparel retailer's stock worth $770,000 after buying an additional 1,038 shares during the period. Finally, CHICAGO TRUST Co NA bought a new position in Lululemon Athletica during the 4th quarter worth $250,000. Institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays lowered their price objective on Lululemon Athletica from $309.00 to $276.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Bank of America lowered their price objective on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Wells Fargo & Company lowered their price objective on 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. Evercore ISI raised their price target on Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Finally, Truist Financial decreased their price target on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Lululemon Athletica presently has an average rating of "Moderate Buy" and an average price target of $368.72.

Lululemon Athletica Stock Performance

Shares of LULU traded up $2.48 during mid-day trading on Friday, reaching $321.44. 1,274,923 shares of the company were exchanged, compared to its average volume of 2,224,158. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The stock has a market capitalization of $38.78 billion, a PE ratio of 23.21, a PEG ratio of 2.22 and a beta of 1.30. The business has a 50 day simple moving average of $286.02 and a two-hundred day simple moving average of $337.60.

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, topping analysts' consensus estimates of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the company earned $5.29 earnings per share. The firm's revenue was up 12.3% compared to the same quarter last year. On average, analysts predict 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.