MGO One Seven LLC Acquires 345 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

MGO One Seven LLC increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 19.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,128 shares of the apparel retailer’s stock after acquiring an additional 345 shares during the period. MGO One Seven LLC’s holdings in Lululemon Athletica were worth $814,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LULU. Westside Investment Management Inc. grew its holdings in Lululemon Athletica by 900.0% during the 3rd quarter. Westside Investment Management Inc. now owns 300 shares of the apparel retailer’s stock valued at $81,000 after purchasing an additional 270 shares during the last quarter. Anchor Investment Management LLC boosted its position in shares of Lululemon Athletica by 17.4% during the third quarter. Anchor Investment Management LLC now owns 4,582 shares of the apparel retailer’s stock valued at $1,243,000 after buying an additional 680 shares during the period. Pine Valley Investments Ltd Liability Co grew its stake in shares of Lululemon Athletica by 964.2% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,058 shares of the apparel retailer’s stock valued at $3,815,000 after buying an additional 12,737 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Lululemon Athletica in the third quarter worth approximately $15,038,000. Finally, Sfmg LLC bought a new stake in shares of Lululemon Athletica during the 3rd quarter worth approximately $2,984,000. 85.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup set a $330.00 target price on Lululemon Athletica and gave the stock a “negative” rating in a research note on Friday, March 28th. Argus downgraded shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Oppenheimer boosted their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Needham & Company LLC reduced their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, March 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $372.28.

Lululemon Athletica Trading Down 1.0 %

Shares of Lululemon Athletica stock opened at $267.90 on Friday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The firm’s 50 day simple moving average is $305.90 and its two-hundred day simple moving average is $338.46. The firm has a market capitalization of $32.32 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 2.22 and a beta of 1.31.

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

Lululemon Athletica Profile

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.