Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. grew its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 203.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,233 shares of the apparel retailer's stock after purchasing an additional 10,221 shares during the quarter. Pacer Advisors Inc.'s holdings in Lululemon Athletica were worth $7,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Union Savings Bank acquired a new stake in Lululemon Athletica during the second quarter worth approximately $25,000. Milestone Investment Advisors LLC bought a new stake in Lululemon Athletica during the third quarter worth $27,000. Bogart Wealth LLC lifted its stake in Lululemon Athletica by 270.0% during the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 54 shares during the last quarter. Founders Capital Management bought a new stake in Lululemon Athletica during the third quarter worth $39,000. Finally, FSC Wealth Advisors LLC bought a new stake in Lululemon Athletica during the fourth quarter worth $41,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analyst Weigh In

LULU has been the subject of a number of research reports. Piper Sandler dropped their price target on Lululemon Athletica from $560.00 to $525.00 and set an "overweight" rating for the company in a research note on Friday, March 22nd. Oppenheimer raised their target price on Lululemon Athletica from $450.00 to $540.00 and gave the stock an "outperform" rating in a research report on Friday, December 8th. Needham & Company LLC lowered their target price on Lululemon Athletica from $525.00 to $500.00 and set a "buy" rating for the company in a research report on Friday, March 22nd. TD Cowen decreased their price target on Lululemon Athletica from $553.00 to $515.00 and set an "outperform" rating for the company in a report on Friday, March 22nd. Finally, HSBC downgraded Lululemon Athletica from a "buy" rating to a "hold" rating and set a $500.00 price target for the company. in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $493.66.

Lululemon Athletica Trading Up 0.3 %

Shares of LULU traded up $1.19 during mid-day trading on Thursday, reaching $390.65. 1,690,240 shares of the stock traded hands, compared to its average volume of 1,670,622. The firm has a fifty day moving average price of $458.01 and a 200 day moving average price of $441.95. The company has a market cap of $49.30 billion, a price-to-earnings ratio of 31.99, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. Lululemon Athletica Inc. has a 1 year low of $326.93 and a 1 year high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating analysts' consensus estimates of $5.00 by $0.29. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business's revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the business earned $4.40 EPS. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Lululemon Athletica announced that its board has authorized a stock repurchase program on Thursday, December 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the apparel retailer to repurchase up to 1.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the purchase, the director now directly owns 500 shares of the company's stock, valued at approximately $194,645. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.