Skopos Labs Inc. Makes New $295,000 Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Skopos Labs Inc. acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULUFree Report) in the fourth quarter, Holdings Channel.com reports. The firm acquired 576 shares of the apparel retailer’s stock, valued at approximately $295,000.

Other hedge funds have also made changes to their positions in the company. Sheaff Brock Investment Advisors LLC bought a new position in Lululemon Athletica during the 4th quarter valued at about $1,114,000. Rockline Wealth Management LLC acquired a new position in Lululemon Athletica during the 4th quarter worth about $1,503,000. Envestnet Asset Management Inc. increased its position in Lululemon Athletica by 30.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock valued at $73,248,000 after acquiring an additional 44,141 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Lululemon Athletica by 1.9% in the third quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock worth $112,081,000 after acquiring an additional 5,403 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Lululemon Athletica by 10.9% during the fourth quarter. HB Wealth Management LLC now owns 1,703 shares of the apparel retailer’s stock worth $871,000 after purchasing an additional 168 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LULU. BNP Paribas cut shares of Lululemon Athletica from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $430.00 to $415.00 in a research report on Friday, February 9th. Piper Sandler dropped their target price on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Jefferies Financial Group dropped their target price on Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating for the company in a research report on Thursday, April 4th. TD Cowen dropped their target price on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Finally, Guggenheim dropped their target price on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $465.13.

View Our Latest Report on Lululemon Athletica

Lululemon Athletica Trading Up 1.1 %

NASDAQ LULU traded up $3.27 on Friday, hitting $303.01. 2,284,014 shares of the company’s stock were exchanged, compared to its average volume of 2,217,502. The stock has a 50-day moving average of $363.48 and a 200-day moving average of $430.77. Lululemon Athletica Inc. has a 52 week low of $295.28 and a 52 week high of $516.39. The stock has a market cap of $38.18 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 1.36 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last released its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the prior year, the company earned $4.40 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. As a group, analysts predict that Lululemon Athletica Inc. will post 14.11 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the acquisition, the director now owns 500 shares of the company’s stock, valued at $194,645. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

About Lululemon Athletica

(Free Report)

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.

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

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