Mariner LLC Acquires 27,658 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Mariner LLC increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 413,511 shares of the apparel retailer’s stock after purchasing an additional 27,658 shares during the quarter. Mariner LLC owned 0.34% of Lululemon Athletica worth $158,137,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. TCTC Holdings LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter worth about $26,000. Kestra Investment Management LLC purchased a new position in Lululemon Athletica in the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Lululemon Athletica in the fourth quarter valued at approximately $32,000. Asset Planning Inc bought a new stake in Lululemon Athletica in the fourth quarter valued at approximately $33,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the period. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU opened at $261.03 on Monday. The firm’s 50 day moving average price is $332.40 and its 200-day moving average price is $339.76. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The company has a market cap of $31.49 billion, a PE ratio of 18.85, a P/E/G ratio of 2.22 and a beta of 1.31.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LULU shares. BMO Capital Markets lowered their price target on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a report on Friday, March 28th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Robert W. Baird cut their target price on Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. Truist Financial lowered their price target on Lululemon Athletica from $380.00 to $297.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus cut their price objective on Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.79.

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.