Graypoint LLC Invests $340,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Graypoint LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 665 shares of the apparel retailer’s stock, valued at approximately $340,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Alliancebernstein L.P. raised its holdings in Lululemon Athletica by 1,462.6% in the 2nd quarter. Alliancebernstein L.P. now owns 1,093,563 shares of the apparel retailer’s stock valued at $413,914,000 after buying an additional 1,023,578 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Lululemon Athletica by 51,219.6% during the 4th quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock worth $351,868,000 after purchasing an additional 686,855 shares during the last quarter. Morgan Stanley raised its holdings in Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after purchasing an additional 437,069 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in Lululemon Athletica by 7,310.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 364,318 shares of the apparel retailer’s stock worth $116,720,000 after purchasing an additional 359,402 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in Lululemon Athletica by 20.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after purchasing an additional 310,347 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Insiders Place Their Bets

In related news, Director Martha A. M. Morfitt acquired 700 shares of the stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the transaction, the director now directly owns 500 shares in the company, valued at $194,645. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $336.13 on Monday. Lululemon Athletica Inc. has a one year low of $326.93 and a one year high of $516.39. The stock has a 50-day moving average of $432.00 and a 200 day moving average of $440.56. The company has a market capitalization of $42.36 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.19 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. Lululemon Athletica’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period last year, the company earned $4.40 EPS. On average, equities analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $445.00 price objective (down previously from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. TD Cowen cut their price objective on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Sanford C. Bernstein lifted their price objective on shares of Lululemon Athletica from $400.00 to $430.00 and gave the stock a “market perform” rating in a report on Thursday, January 4th. Evercore ISI cut their price objective on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Finally, Truist Financial lowered their target price on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average price target of $485.39.

Lululemon Athletica 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.