Point72 Europe London LLP Purchases Shares of 24,362 Lululemon Athletica Inc. (NASDAQ:LULU)

Point72 Europe London LLP acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,362 shares of the apparel retailer’s stock, valued at approximately $9,316,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Beacon Capital Management LLC boosted its position in Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after acquiring an additional 24 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after purchasing an additional 25 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after buying an additional 26 shares during the last quarter. Dnca Finance increased its position in shares of Lululemon Athletica by 15.1% in the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer’s stock valued at $76,000 after acquiring an additional 26 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after acquiring an additional 28 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Oppenheimer boosted their price target on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Morgan Stanley dropped their target price on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Evercore ISI lifted their price target on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Robert W. Baird lowered their price target on Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Finally, Citigroup reduced their target price on Lululemon Athletica from $330.00 to $275.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $368.72.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $315.84 on Thursday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The business’s 50 day simple moving average is $286.27 and its 200 day simple moving average is $337.40. The stock has a market capitalization of $38.10 billion, a PE ratio of 22.80, a PEG ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $5.29 earnings per share. As a group, research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current 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.