2,500 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by Nutshell Asset Management Ltd

Nutshell Asset Management Ltd purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,500 shares of the apparel retailer’s stock, valued at approximately $956,000. Lululemon Athletica comprises about 0.6% of Nutshell Asset Management Ltd’s portfolio, making the stock its 28th biggest position.

Other large investors also recently modified their holdings of the company. Beacon Capital Management LLC raised its stake in Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 24 shares in the last quarter. Edgestream Partners L.P. increased its stake in Lululemon Athletica by 0.7% in the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock valued at $1,353,000 after purchasing an additional 25 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after purchasing an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Lululemon Athletica by 9.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after buying an additional 28 shares during the last quarter. Finally, LGT Fund Management Co Ltd. boosted its holdings in shares of Lululemon Athletica by 3.3% in the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock valued at $356,000 after buying an additional 30 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LULU has been the subject of several research analyst reports. Piper Sandler decreased their price objective on shares of Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Bank of America dropped their price target on Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Thursday. Morgan Stanley decreased their price target on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Finally, Raymond James reissued a “market perform” rating and issued a $430.00 price objective on shares of Lululemon Athletica in a research note on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $378.31.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $263.70 on Friday. The stock has a 50-day simple moving average of $353.59 and a 200 day simple moving average of $339.47. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The company has a market capitalization of $32.11 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the firm earned $5.29 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Lululemon Athletica Company 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.