Tilt Investment Management Holdings PBC Invests $236,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Tilt Investment Management Holdings PBC acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 461 shares of the apparel retailer’s stock, valued at approximately $236,000.

Several other large investors have also modified their holdings of LULU. Alliancebernstein L.P. boosted its stake in shares of Lululemon Athletica by 1,462.6% during the 2nd quarter. Alliancebernstein L.P. now owns 1,093,563 shares of the apparel retailer’s stock worth $413,914,000 after acquiring an additional 1,023,578 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Lululemon Athletica by 51,219.6% during the 4th quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock worth $351,868,000 after acquiring an additional 686,855 shares in the last quarter. Morgan Stanley boosted its stake in shares of Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after acquiring an additional 437,069 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in shares of Lululemon Athletica by 7,310.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 364,318 shares of the apparel retailer’s stock worth $116,720,000 after acquiring an additional 359,402 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Lululemon Athletica by 20.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after acquiring an additional 310,347 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LULU shares. TD Cowen reduced their target price on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Guggenheim reduced their target price on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Piper Sandler reduced their target price on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Wells Fargo & Company reduced their target price on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Friday, March 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $550.00 target price on shares of Lululemon Athletica in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $483.61.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $346.99 on Friday. The company has a market cap of $43.72 billion, a P/E ratio of 28.46, a P/E/G ratio of 1.22 and a beta of 1.30. The stock’s 50-day moving average is $422.44 and its 200-day moving average is $438.62. Lululemon Athletica Inc. has a 52-week low of $326.93 and a 52-week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same period last year, the business earned $4.40 earnings per share. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Insider Buying and Selling

In other news, Director Martha A. M. Morfitt bought 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the transaction, the director now directly owns 500 shares in the company, valued at $194,645. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by company insiders.

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.