Alpha DNA Investment Management LLC Acquires Shares of 1,579 Lululemon Athletica Inc. (NASDAQ:LULU)

Alpha DNA Investment Management LLC acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,579 shares of the apparel retailer’s stock, valued at approximately $549,000.

A number of other hedge funds have also recently bought and sold shares of the business. JJJ Advisors Inc. lifted its position in shares of Lululemon Athletica by 962.5% in the fourth quarter. JJJ Advisors Inc. now owns 85 shares of the apparel retailer’s stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $31,000. Perennial Advisors LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $32,000. Avion Wealth purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $35,000. Finally, First Pacific Advisors LP purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $35,000. 81.95% of the stock is owned by institutional investors.

LULU has been the subject of a number of research analyst reports. Smith Barney Citigroup increased their price target on shares of Lululemon Athletica from $340.00 to $385.00 in a research report on Friday, December 11th. Barclays increased their price target on shares of Lululemon Athletica from $382.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, December 11th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lululemon Athletica from $396.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, March 31st. Morgan Stanley raised their price objective on shares of Lululemon Athletica from $386.00 to $394.00 and gave the company an “equal weight” rating in a research report on Thursday, April 1st. Finally, Raymond James raised their price objective on shares of Lululemon Athletica from $400.00 to $500.00 and gave the company a “strong-buy” rating in a research report on Wednesday, December 9th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $383.94.

Shares of Lululemon Athletica stock opened at $306.04 on Thursday. The company’s fifty day simple moving average is $310.83 and its 200-day simple moving average is $335.55. The company has a market cap of $39.89 billion, a price-to-earnings ratio of 71.84, a PEG ratio of 4.20 and a beta of 1.22. Lululemon Athletica Inc. has a 1 year low of $194.33 and a 1 year high of $399.90.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Monday, March 29th. The apparel retailer reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.09. Lululemon Athletica had a net margin of 13.69% and a return on equity of 28.89%. During the same period in the prior year, the business earned $2.28 EPS. On average, analysts anticipate that Lululemon Athletica Inc. will post 4.57 earnings per share for the current year.

Lululemon Athletica Company Profile

lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.

See Also: Accumulation/Distribution

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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