Tudor Investment Corp Et Al Acquires 61 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Tudor Investment Corp Et Al boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 7.3% in the third quarter, HoldingsChannel reports. The firm owned 896 shares of the apparel retailer’s stock after purchasing an additional 61 shares during the quarter. Tudor Investment Corp Et Al’s holdings in Lululemon Athletica were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LULU. Ronald Blue Trust Inc. bought a new stake in shares of Lululemon Athletica during the 2nd quarter worth about $30,000. Guardian Wealth Advisors LLC acquired a new position in shares of Lululemon Athletica in the third quarter valued at approximately $26,000. Legacy CG LLC bought a new position in shares of Lululemon Athletica during the second quarter worth approximately $41,000. Gordian Capital Singapore Pte Ltd lifted its holdings in Lululemon Athletica by 15,000.0% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 151 shares of the apparel retailer’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. Finally, Private Trust Co. NA bought a new stake in Lululemon Athletica in the 2nd quarter valued at $49,000. 82.04% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $301.80 on Friday. The firm’s fifty day moving average price is $314.12 and its two-hundred day moving average price is $321.74. The stock has a market cap of $38.48 billion, a PE ratio of 33.16, a PEG ratio of 1.33 and a beta of 1.35. Lululemon Athletica Inc. has a fifty-two week low of $251.51 and a fifty-two week high of $410.70.

Lululemon Athletica (NASDAQ:LULU – Get Rating) last issued its earnings results on Thursday, December 8th. The apparel retailer reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.04. Lululemon Athletica had a return on equity of 41.13% and a net margin of 15.66%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 9.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LULU has been the topic of several recent research reports. The Goldman Sachs Group increased their price objective on Lululemon Athletica from $383.00 to $431.00 and gave the stock a “buy” rating in a research report on Friday, December 9th. Oppenheimer lifted their price objective on shares of Lululemon Athletica from $393.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 8th. Sanford C. Bernstein lowered shares of Lululemon Athletica from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $340.00 to $290.00 in a research report on Tuesday, January 24th. Cowen lifted their price target on shares of Lululemon Athletica from $535.00 to $542.00 and gave the company an “outperform” rating in a research report on Monday, December 5th. Finally, Guggenheim cut their price target on Lululemon Athletica from $475.00 to $400.00 in a research note on Tuesday, January 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $403.10.

About Lululemon Athletica

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lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises lululemon and ivivva brands; and specialize in athletic wear for female youth.