717 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by Forum Financial Management LP

Forum Financial Management LP acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, HoldingsChannel reports. The fund acquired 717 shares of the apparel retailer’s stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth about $26,000. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica during the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $32,000. Asset Planning Inc purchased a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $33,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 65 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on LULU. Piper Sandler reduced their price objective on Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Telsey Advisory Group reduced their target price on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. The Goldman Sachs Group lowered their price target on shares of Lululemon Athletica from $363.00 to $302.00 and set a “neutral” rating on the stock in a research report on Tuesday. Robert W. Baird cut their price objective on shares of Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Finally, Evercore ISI upped their price target on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $372.28.

Lululemon Athletica Stock Up 3.1 %

NASDAQ:LULU opened at $261.71 on Wednesday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The stock’s fifty day moving average is $311.93 and its two-hundred day moving average is $338.59. The stock has a market capitalization of $31.57 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion for 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%. Lululemon Athletica’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.29 EPS. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal 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.