3,100 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Gladstone Capital Management LLP

Gladstone Capital Management LLP bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,100 shares of the apparel retailer’s stock, valued at approximately $1,185,000. Lululemon Athletica comprises about 0.1% of Gladstone Capital Management LLP’s portfolio, making the stock its 22nd biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Lululemon Athletica in the fourth quarter worth about $99,000. KCM Investment Advisors LLC raised its holdings in Lululemon Athletica by 1.2% in the 4th quarter. KCM Investment Advisors LLC now owns 9,330 shares of the apparel retailer’s stock valued at $3,568,000 after acquiring an additional 110 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Lululemon Athletica in the 4th quarter worth approximately $14,621,000. Wealth Advisors of Tampa Bay LLC boosted its holdings in shares of Lululemon Athletica by 1.4% during the 4th quarter. Wealth Advisors of Tampa Bay LLC now owns 4,327 shares of the apparel retailer’s stock worth $1,655,000 after purchasing an additional 60 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $18,540,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 3.1 %

NASDAQ:LULU opened at $263.70 on Friday. The stock has a fifty day moving average price of $353.59 and a 200 day moving average price of $339.47. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The firm has a market cap of $32.11 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) 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 business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the business posted $5.29 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on LULU shares. JPMorgan Chase & Co. reduced their price objective on Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Piper Sandler lowered their price target on shares of Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating on the stock in a research report on Friday, March 28th. Truist Financial cut their price objective on shares of Lululemon Athletica from $460.00 to $380.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Citigroup set a $330.00 target price on shares of Lululemon Athletica and gave the company a “negative” rating in a report on Friday, March 28th. Finally, Wells Fargo & Company dropped their price target on shares of Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $378.31.

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.