Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by NorthRock Partners LLC

NorthRock Partners LLC boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 83.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,280 shares of the apparel retailer's stock after acquiring an additional 1,495 shares during the period. NorthRock Partners LLC's holdings in Lululemon Athletica were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $26,000. Anderson Financial Strategies LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $30,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $32,000. Finally, Asset Planning Inc acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $33,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

Shares of LULU stock 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 2,222,714. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The company has a market capitalization of $38.78 billion, a P/E ratio of 23.21, a P/E/G ratio of 2.22 and a beta of 1.30. The business's 50 day simple moving average is $286.02 and its 200 day simple moving average is $337.83.

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

Wall Street Analyst Weigh In

LULU has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Piper Sandler cut their price objective on shares of Lululemon Athletica from $315.00 to $280.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Stifel Nicolaus cut their price objective on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group cut their price objective on shares of Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Truist Financial cut their price objective on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $368.72.

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.