Gladstone Capital Management LLP Takes $1.19 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Gladstone Capital Management LLP acquired 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 & Exchange Commission. The fund acquired 3,100 shares of the apparel retailer’s stock, valued at approximately $1,185,000. Lululemon Athletica makes up about 0.1% of Gladstone Capital Management LLP’s holdings, making the stock its 22nd largest holding.

A number of other hedge funds also recently bought and sold shares of the stock. TCTC Holdings LLC bought a new position in shares of Lululemon Athletica in the 4th quarter worth $26,000. Kestra Investment Management LLC bought a new position in Lululemon Athletica in the fourth quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at about $32,000. Sound Income Strategies LLC boosted its holdings in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. Finally, Asset Planning Inc bought a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 3.1 %

NASDAQ:LULU opened at $263.70 on Friday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The stock’s 50-day moving average price is $353.59 and its 200-day moving average price is $339.47. The stock has a market capitalization of $32.11 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $5.29 earnings per share. Sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Stifel Nicolaus dropped their target price on Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Piper Sandler decreased their price target on Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Bank of America dropped their price target on Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Finally, Guggenheim increased their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $378.31.

Lululemon Athletica Company 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.