Harvest Fund Management Co. Ltd Has $1.11 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Harvest Fund Management Co. Ltd boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 80.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,178 shares of the apparel retailer’s stock after acquiring an additional 971 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Lululemon Athletica were worth $1,107,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Valley National Advisers Inc. grew its holdings in Lululemon Athletica by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 42 shares during the period. Morton Brown Family Wealth LLC bought a new stake in Lululemon Athletica during the 4th quarter worth about $31,000. Milestone Investment Advisors LLC bought a new stake in Lululemon Athletica during the 3rd quarter worth about $27,000. Bogart Wealth LLC lifted its position in Lululemon Athletica by 270.0% during the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after buying an additional 54 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new stake in Lululemon Athletica during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded up $2.89 during trading on Tuesday, hitting $364.68. The company’s stock had a trading volume of 1,588,508 shares, compared to its average volume of 1,789,469. The stock has a market cap of $45.95 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30. Lululemon Athletica Inc. has a 52 week low of $326.93 and a 52 week high of $516.39. The stock has a 50-day moving average price of $416.17 and a two-hundred day moving average price of $439.37.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.40 earnings per share. On average, equities analysts predict that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Insider Activity

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the acquisition, the director now owns 500 shares in the company, valued at approximately $194,645. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

LULU has been the topic of several analyst reports. HSBC cut their price target on shares of Lululemon Athletica from $500.00 to $405.00 in a research report on Wednesday, April 10th. Morgan Stanley dropped their target price on shares of Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Sanford C. Bernstein upped their target price on shares of Lululemon Athletica from $400.00 to $430.00 and gave the company a “market perform” rating in a report on Thursday, January 4th. Piper Sandler decreased their price target on shares of Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Finally, Needham & Company LLC reduced their target price on shares of Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $483.61.

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.