Sig Brokerage LP Invests $2.35 Million in Lululemon Athletica Inc. (NASDAQ:LULU)

Sig Brokerage LP acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,146 shares of the apparel retailer's stock, valued at approximately $2,350,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Raiffeisen Bank International AG acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $45,558,000. Rockbridge Capital Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $775,000. Point72 Europe London LLP acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $9,316,000. ProShare Advisors LLC raised its position in shares of Lululemon Athletica by 15.7% during the 4th quarter. ProShare Advisors LLC now owns 149,884 shares of the apparel retailer's stock worth $57,317,000 after purchasing an additional 20,390 shares during the period. Finally, Quadcap Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $207,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU traded up $2.26 during midday trading on Monday, hitting $323.70. 1,700,938 shares of the stock were exchanged, compared to its average volume of 2,220,628. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The business's fifty day simple moving average is $286.02 and its two-hundred day simple moving average is $338.11. The company has a market capitalization of $39.05 billion, a PE ratio of 23.37, a P/E/G ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating 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 company 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. The business's revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LULU shares. Evercore ISI increased their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Bank of America decreased their price objective on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a report on Friday, March 28th. Argus lowered Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. BTIG Research decreased their price objective on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Morgan Stanley decreased their price objective on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, ten have issued 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $368.72.

Lululemon Athletica 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.