CVA Family Office LLC Invests $74,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

CVA Family Office LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULUFree Report) during the 4th quarter, HoldingsChannel reports. The fund bought 144 shares of the apparel retailer’s stock, valued at approximately $74,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LULU. Alliancebernstein L.P. lifted its position in Lululemon Athletica by 1,462.6% during the second quarter. Alliancebernstein L.P. now owns 1,093,563 shares of the apparel retailer’s stock valued at $413,914,000 after purchasing an additional 1,023,578 shares during the period. 1832 Asset Management L.P. lifted its position in Lululemon Athletica by 953,929.8% during the second quarter. 1832 Asset Management L.P. now owns 448,394 shares of the apparel retailer’s stock valued at $169,717,000 after purchasing an additional 448,347 shares during the period. Morgan Stanley lifted its position in Lululemon Athletica by 29.2% during the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after purchasing an additional 437,069 shares during the period. Holocene Advisors LP lifted its position in Lululemon Athletica by 3,139.4% during the second quarter. Holocene Advisors LP now owns 436,509 shares of the apparel retailer’s stock valued at $165,219,000 after purchasing an additional 423,034 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its position in Lululemon Athletica by 7,310.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 364,318 shares of the apparel retailer’s stock valued at $116,720,000 after purchasing an additional 359,402 shares during the period. Institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. BNP Paribas downgraded shares of Lululemon Athletica from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $430.00 to $415.00 in a research report on Friday, February 9th. Evercore ISI decreased their price target on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Citigroup decreased their price target on shares of Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Truist Financial decreased their price target on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research report on Monday. Finally, TD Cowen decreased their price target on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $493.66.

Check Out Our Latest Stock Report on Lululemon Athletica

Lululemon Athletica Stock Performance

LULU opened at $386.14 on Wednesday. The stock has a market capitalization of $48.73 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 1.37 and a beta of 1.33. The company has a fifty day moving average of $461.28 and a 200 day moving average of $442.40. Lululemon Athletica Inc. has a fifty-two week low of $310.41 and a fifty-two week high of $516.39.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last issued its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same period last year, the company posted $4.40 EPS. The business’s revenue was up 15.6% on a year-over-year basis. On average, equities research analysts forecast that Lululemon Athletica Inc. will post 14.24 earnings per share for the current year.

Lululemon Athletica declared that its Board of Directors has approved a share repurchase program on Thursday, December 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the apparel retailer to repurchase up to 1.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

Read More

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica Inc. (NASDAQ:LULUFree Report).

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

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.