Encompass Wealth Advisors LLC bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 108 shares of the apparel retailer’s stock, valued at approximately $38,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Lululemon Athletica by 6.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 72,706 shares of the apparel retailer’s stock worth $11,914,000 after purchasing an additional 4,589 shares during the period. Boothbay Fund Management LLC bought a new position in Lululemon Athletica in the third quarter worth approximately $740,000. Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Lululemon Athletica during the 3rd quarter worth $390,000. Point72 Asset Management L.P. bought a new stake in shares of Lululemon Athletica during the 3rd quarter valued at $89,993,000. Finally, Point72 Hong Kong Ltd increased its stake in shares of Lululemon Athletica by 463.7% in the 3rd quarter. Point72 Hong Kong Ltd now owns 7,125 shares of the apparel retailer’s stock worth $2,347,000 after purchasing an additional 5,861 shares in the last quarter. 81.95% of the stock is currently owned by hedge funds and other institutional investors.
LULU has been the subject of several recent research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price target on Lululemon Athletica from $340.00 to $385.00 in a report on Friday, December 11th. Royal Bank of Canada reduced their target price on shares of Lululemon Athletica from $435.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, March 31st. Robert W. Baird lowered their price target on shares of Lululemon Athletica from $425.00 to $395.00 and set an “outperform” rating on the stock in a report on Wednesday, March 31st. Wells Fargo & Company increased their price objective on shares of Lululemon Athletica from $275.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, December 11th. Finally, Argus raised their price objective on shares of Lululemon Athletica from $380.00 to $400.00 in a research report on Monday, December 14th. Eleven research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $383.94.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Monday, March 29th. The apparel retailer reported $2.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.09. Lululemon Athletica had a return on equity of 28.89% and a net margin of 13.69%. During the same period in the previous year, the business posted $2.28 earnings per share. On average, analysts forecast that Lululemon Athletica Inc. will post 4.57 EPS for the current year.
Lululemon Athletica Company Profile
lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.
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