MGO One Seven LLC Raises Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

MGO One Seven LLC boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 19.3% in the fourth quarter, HoldingsChannel reports. The firm owned 2,128 shares of the apparel retailer’s stock after buying an additional 345 shares during the period. MGO One Seven LLC’s holdings in Lululemon Athletica were worth $814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LULU. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at about $26,000. Kestra Investment Management LLC purchased a new position in Lululemon Athletica during the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $32,000. Sound Income Strategies LLC boosted its position in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $33,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup set a $330.00 target price on shares of Lululemon Athletica and gave the company a “negative” rating in a research note on Friday, March 28th. Wells Fargo & Company decreased their price objective on shares of Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. Bank of America dropped their target price on Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Raymond James reaffirmed a “market perform” rating and issued a $430.00 price target on shares of Lululemon Athletica in a report on Friday, March 28th. Finally, William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $372.28.

Lululemon Athletica Stock Down 1.0 %

Lululemon Athletica stock opened at $267.90 on Friday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The firm has a market cap of $32.32 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The company’s 50 day moving average is $305.90 and its two-hundred day moving average is $338.46.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the business posted $5.29 earnings per share. Lululemon Athletica’s revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

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.