Virtu Financial LLC Has $273,000 Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Virtu Financial LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 91.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 716 shares of the apparel retailer’s stock after selling 7,239 shares during the period. Virtu Financial LLC’s holdings in Lululemon Athletica were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. TCTC Holdings LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at $32,000. Sound Income Strategies LLC lifted its stake 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 purchasing an additional 65 shares during the period. Finally, Asset Planning Inc bought a new position in shares of Lululemon Athletica in the 4th quarter worth $33,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $341.53 on Friday. The business has a 50 day moving average of $366.25 and a 200-day moving average of $338.67. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The company has a market capitalization of $41.59 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.22 and a beta of 1.21.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. TD Cowen raised their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Robert W. Baird increased their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Truist Financial boosted their price target on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, KeyCorp raised their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $395.55.

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.