Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 356.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,383 shares of the apparel retailer’s stock after purchasing an additional 13,577 shares during the period. Yousif Capital Management LLC’s holdings in Lululemon Athletica were worth $8,888,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Daymark Wealth Partners LLC lifted its stake in Lululemon Athletica by 3.8% in the fourth quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock valued at $293,000 after buying an additional 21 shares during the last quarter. Simon Quick Advisors LLC raised its position in Lululemon Athletica by 1.9% in the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock valued at $612,000 after purchasing an additional 22 shares during the last quarter. Pinnacle Financial Partners Inc raised its position in Lululemon Athletica by 1.9% in the 4th quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock valued at $646,000 after purchasing an additional 23 shares during the last quarter. Baker Avenue Asset Management LP boosted its stake in 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 purchasing an additional 25 shares during the period. Finally, Sage Mountain Advisors LLC grew its position in Lululemon Athletica by 3.3% during the 3rd quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer’s stock worth $312,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

LULU stock opened at $362.05 on Thursday. The company’s 50 day simple moving average is $414.25 and its 200-day simple moving average is $438.85. The firm has a market capitalization of $45.62 billion, a PE ratio of 29.86, a P/E/G ratio of 1.29 and a beta of 1.30. Lululemon Athletica Inc. has a 12 month low of $326.93 and a 12 month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. Lululemon Athletica’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.40 EPS. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Insiders Place Their Bets

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 purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the transaction, the director now owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LULU shares. BMO Capital Markets lifted their price objective on shares of Lululemon Athletica from $408.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. BNP Paribas cut Lululemon Athletica from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $430.00 to $415.00 in a research report on Friday, February 9th. TD Cowen dropped 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. Evercore ISI dropped their target price on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Finally, Truist Financial dropped their target price on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Two investment 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 company’s stock. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target 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.