Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by X Square Capital LLC

X Square Capital LLC lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,949 shares of the apparel retailer’s stock after selling 183 shares during the quarter. X Square Capital LLC’s holdings in Lululemon Athletica were worth $1,893,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Investment Partners Asset Management Inc. acquired a new position in Lululemon Athletica during the fourth quarter worth $275,000. Rockefeller Capital Management L.P. grew its position in Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after acquiring an additional 34,704 shares in the last quarter. Lebenthal Global Advisors LLC increased its stake in Lululemon Athletica by 138.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after purchasing an additional 1,565 shares during the period. Montag A & Associates Inc. boosted its stake in shares of Lululemon Athletica by 495.1% in the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after purchasing an additional 3,540 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $17,775,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 1.1 %

Shares of NASDAQ:LULU opened at $341.53 on Friday. The firm has a market cap of $41.59 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The company’s fifty day simple moving average is $366.25 and its 200 day simple moving average is $338.67.

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

Analysts Set New Price Targets

Several equities analysts have commented on LULU shares. Raymond James reissued an “outperform” rating and issued a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. UBS Group upped their price target on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Oppenheimer upped their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Truist Financial lifted their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $395.55.

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.