Alpha Wealth Funds LLC Purchases Shares of 2,000 Lululemon Athletica Inc. (NASDAQ:LULU)

Alpha Wealth Funds LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,000 shares of the apparel retailer’s stock, valued at approximately $768,000. Lululemon Athletica accounts for 0.7% of Alpha Wealth Funds LLC’s holdings, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LULU. TCTC Holdings LLC purchased a new stake in Lululemon Athletica in the 4th quarter valued at about $26,000. Anderson Financial Strategies LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $30,000. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $32,000. Finally, Asset Planning Inc purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LULU shares. Needham & Company LLC decreased their target price on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. Argus cut Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Cfra Research raised Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. Oppenheimer boosted their price target on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, UBS Group reduced their price target on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $368.72.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $321.20 on Wednesday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The stock has a market cap of $38.75 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.22 and a beta of 1.30. The business has a fifty day moving average of $285.82 and a 200-day moving average of $338.10.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data 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. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.29 earnings per share. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.