Tilt Investment Management Holdings PBC Buys Shares of 461 Lululemon Athletica Inc. (NASDAQ:LULU)

Tilt Investment Management Holdings PBC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 461 shares of the apparel retailer’s stock, valued at approximately $236,000.

A number of other hedge funds have also modified their holdings of LULU. Alliancebernstein L.P. boosted its holdings in 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 valued at $413,914,000 after acquiring an additional 1,023,578 shares during the period. International Assets Investment Management LLC boosted its holdings in 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 valued at $351,868,000 after acquiring an additional 686,855 shares during the period. Morgan Stanley boosted its holdings in Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after acquiring an additional 437,069 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in 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 valued at $116,720,000 after acquiring an additional 359,402 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in 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 valued at $719,198,000 after acquiring an additional 310,347 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Down 0.1 %

Shares of LULU stock opened at $346.99 on Friday. The business’s 50 day moving average is $422.44 and its two-hundred day moving average is $438.62. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39. The company has a market capitalization of $43.72 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 1.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company 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 posted $4.40 EPS. The company’s revenue was up 15.6% on a year-over-year basis. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the purchase, the director now directly owns 500 shares in the company, valued at $194,645. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

LULU has been the subject of a number of research analyst reports. Raymond James raised their target price on Lululemon Athletica from $495.00 to $520.00 and gave the company an “outperform” rating in a report on Wednesday, January 10th. TD Cowen reduced their price target on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Wedbush reduced their price target on Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Guggenheim reduced their price target on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $539.00 price target (down previously from $596.00) on shares of Lululemon Athletica in a research 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 given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $483.61.

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.