Nemes Rush Group LLC Acquires 85 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Nemes Rush Group LLC grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,705 shares of the apparel retailer’s stock after buying an additional 85 shares during the period. Nemes Rush Group LLC’s holdings in Lululemon Athletica were worth $1,034,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in Lululemon Athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after buying an additional 571,657 shares during the period. Geode Capital Management LLC raised its stake in shares of Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after purchasing an additional 44,294 shares during the period. Schroder Investment Management Group grew its holdings in Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock valued at $681,163,000 after purchasing an additional 421,890 shares during the period. Mawer Investment Management Ltd. bought a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $523,520,000. Finally, Diamond Hill Capital Management Inc. bought a new position in Lululemon Athletica in the 4th quarter worth about $370,062,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Trading Down 3.4 %

LULU stock opened at $283.06 on Tuesday. The firm has a 50-day moving average price of $362.82 and a 200-day moving average price of $340.38. The stock has a market capitalization of $34.47 billion, a P/E ratio of 20.44, a price-to-earnings-growth 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.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.29 EPS. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on LULU. Raymond James reissued a “market perform” rating and issued a $430.00 target price on shares of Lululemon Athletica in a research note on Friday. Oppenheimer raised their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Truist Financial cut their target price on Lululemon Athletica from $460.00 to $380.00 and set a “buy” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Piper Sandler lowered their price objective on shares of Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $380.72.

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.