GAMMA Investing LLC Takes $237,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

GAMMA Investing LLC acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 464 shares of the apparel retailer’s stock, valued at approximately $237,000.

Several other large investors have also modified their holdings of the stock. Daymark Wealth Partners LLC boosted its stake in shares of Lululemon Athletica by 3.8% during the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock worth $293,000 after acquiring an additional 21 shares in the last quarter. Simon Quick Advisors LLC boosted its stake in shares of Lululemon Athletica by 1.9% during the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock worth $612,000 after acquiring an additional 22 shares in the last quarter. Pinnacle Financial Partners Inc boosted its stake in shares of Lululemon Athletica by 1.9% during the 4th quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock worth $646,000 after acquiring an additional 23 shares in the last quarter. Baker Avenue Asset Management LP boosted its stake in shares of Lululemon Athletica by 11.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock worth $97,000 after acquiring an additional 25 shares in the last quarter. Finally, Sage Mountain Advisors LLC boosted its position in shares of Lululemon Athletica by 3.3% in the third quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer’s stock worth $312,000 after buying an additional 26 shares during the period. 85.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on LULU. Piper Sandler decreased their target price on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Oppenheimer reiterated an “outperform” rating and set a $445.00 price objective (down from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. Barclays cut their price objective on Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Truist Financial cut their price objective on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a report on Monday, March 25th. Finally, Citigroup cut their price objective on Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $483.61.

Lululemon Athletica Stock Down 1.3 %

LULU stock opened at $360.00 on Friday. The company has a market cap of $45.36 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39. The business’s 50-day simple moving average is $412.27 and its 200 day simple moving average is $438.30.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.40 EPS. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Insider Activity

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

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.