WINTON GROUP Ltd Buys New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

WINTON GROUP Ltd purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,477 shares of the apparel retailer’s stock, valued at approximately $1,330,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $26,000. Kestra Investment Management LLC bought a new position in Lululemon Athletica in the fourth quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at approximately $32,000. Sound Income Strategies LLC increased its holdings 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 acquiring an additional 65 shares in the last quarter. Finally, Asset Planning Inc bought a new stake in shares of Lululemon Athletica during the fourth quarter valued at approximately $33,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU opened at $341.53 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The stock has a market cap of $41.59 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The stock has a fifty day moving average of $366.25 and a 200-day moving average of $338.67.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly 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 return on equity of 42.16% and a net margin of 17.05%. The firm 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 business posted $5.29 earnings per share. The company’s 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 year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. KeyCorp lifted their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. TD Cowen upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Needham & Company LLC cut their price target on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Truist Financial increased their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $395.55.

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.