LM Advisors LLC Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

LM Advisors LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, Holdings Channel.com reports. The firm bought 537 shares of the apparel retailer’s stock, valued at approximately $205,000.

Several other large investors have also added to or reduced their stakes in LULU. NEOS Investment Management LLC lifted its stake in Lululemon Athletica by 18.7% during the 4th quarter. NEOS Investment Management LLC now owns 12,734 shares of the apparel retailer’s stock valued at $4,870,000 after acquiring an additional 2,008 shares during the period. UniSuper Management Pty Ltd raised its holdings in shares of Lululemon Athletica by 5.6% during the fourth quarter. UniSuper Management Pty Ltd now owns 9,296 shares of the apparel retailer’s stock worth $3,555,000 after purchasing an additional 493 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Lululemon Athletica during the fourth quarter worth $1,330,000. Ausdal Financial Partners Inc. acquired a new position in Lululemon Athletica during the fourth quarter valued at $297,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in Lululemon Athletica in the fourth quarter valued at $219,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Guggenheim lifted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Citigroup reduced their price target on Lululemon Athletica from $380.00 to $330.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft upped their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $445.00 target price on shares of Lululemon Athletica in a research note on Thursday, March 20th. Finally, Oppenheimer increased their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average target price of $395.55.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $341.53 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The company has a 50 day moving average price of $366.25 and a 200 day moving average price of $338.67. The stock has a market capitalization of $41.59 billion, a P/E ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the business posted $5.29 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share 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.