J. Goldman & Co LP Purchases New Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

J. Goldman & Co LP acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,853 shares of the apparel retailer's stock, valued at approximately $10,269,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in Lululemon Athletica by 61.2% during the 3rd quarter. Principal Financial Group Inc. now owns 250,175 shares of the apparel retailer's stock worth $67,885,000 after purchasing an additional 94,997 shares during the last quarter. Nordea Investment Management AB grew its holdings in Lululemon Athletica by 3.3% during the fourth quarter. Nordea Investment Management AB now owns 9,034 shares of the apparel retailer's stock worth $3,465,000 after buying an additional 287 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Lululemon Athletica by 1.0% during the fourth 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 last quarter. Graypoint LLC bought a new position in Lululemon Athletica during the fourth quarter valued at $221,000. Finally, Czech National Bank raised its position in shares of Lululemon Athletica by 4.5% in the fourth quarter. Czech National Bank now owns 24,491 shares of the apparel retailer's stock valued at $9,366,000 after purchasing an additional 1,064 shares during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Price Performance

LULU opened at $279.89 on Friday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The stock has a market capitalization of $33.77 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.22 and a beta of 1.30. The business has a fifty day moving average price of $288.50 and a 200 day moving average price of $337.47.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on LULU shares. Stifel Nicolaus lowered their price target on Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. KeyCorp decreased their target price on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Truist Financial reduced their price objective on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Barclays lowered their price objective on Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating on the stock in a research report on Friday, March 28th. Finally, Needham & Company LLC reduced their price target on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $369.86.

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.

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