NEOS Investment Management LLC Increases Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

NEOS Investment Management LLC grew its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 18.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,734 shares of the apparel retailer’s stock after purchasing an additional 2,008 shares during the period. NEOS Investment Management LLC’s holdings in Lululemon Athletica were worth $4,870,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LULU. TCTC Holdings LLC acquired a new position in Lululemon Athletica during the fourth quarter worth $26,000. Kestra Investment Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at about $32,000. Sound Income Strategies LLC lifted its stake in shares of Lululemon Athletica by 309.5% in the fourth 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 purchased a new stake in Lululemon Athletica during the fourth quarter worth about $33,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Up 1.1 %

NASDAQ:LULU opened at $341.53 on Friday. The firm’s fifty day simple moving average is $366.25 and its 200 day simple moving average is $338.67. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The firm has a market capitalization of $41.59 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping 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 company 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 firm posted $5.29 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. On average, analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LULU. Barclays increased their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Guggenheim lifted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Piper Sandler upped their target price on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, TD Cowen increased their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $395.55.

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.