Nutshell Asset Management Ltd Takes $956,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Nutshell Asset Management Ltd purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,500 shares of the apparel retailer’s stock, valued at approximately $956,000. Lululemon Athletica makes up approximately 0.6% of Nutshell Asset Management Ltd’s investment portfolio, making the stock its 28th biggest position.

Several other hedge funds have also recently bought and sold shares of the business. Alliancebernstein L.P. boosted its stake in shares of Lululemon Athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after buying an additional 571,657 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Lululemon Athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock valued at $947,682,000 after buying an additional 10,461 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Lululemon Athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock valued at $681,163,000 after buying an additional 421,890 shares in the last quarter. Mawer Investment Management Ltd. bought a new position in Lululemon Athletica during the fourth quarter valued at approximately $523,520,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in Lululemon Athletica in the fourth quarter worth approximately $370,062,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Up 3.1 %

Shares of NASDAQ LULU opened at $263.70 on Friday. The company has a fifty day moving average price of $353.59 and a 200 day moving average price of $339.47. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The firm has a market cap of $32.11 billion, a PE ratio of 19.04, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS 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 quarter in the previous year, the business posted $5.29 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on LULU. Morgan Stanley lowered their target price on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. UBS Group lowered their price target on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. Cfra Research upgraded shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. Truist Financial dropped their target price on shares of Lululemon Athletica from $460.00 to $380.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Finally, Evercore ISI upped their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $378.31.

About Lululemon Athletica

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.