Hazlett Burt & Watson Inc. Has $38,000 Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Hazlett Burt & Watson Inc. trimmed its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 51.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100 shares of the apparel retailer’s stock after selling 104 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Lululemon Athletica were worth $38,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Mawer Investment Management Ltd. bought a new stake in Lululemon Athletica during the 4th quarter worth about $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $370,062,000. Schroder Investment Management Group grew its position in shares of Lululemon Athletica by 31.0% during the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after buying an additional 421,890 shares during the period. Norges Bank bought a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $142,235,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Lululemon Athletica by 87.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 539,441 shares of the apparel retailer’s stock valued at $206,288,000 after buying an additional 251,015 shares during the period. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $283.06 on Tuesday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The company has a market capitalization of $34.47 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.22 and a beta of 1.21. The company has a 50-day simple moving average of $362.82 and a 200 day simple moving average of $340.38.

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

Wall Street Analyst Weigh In

Several analysts have commented on LULU shares. Wells Fargo & Company dropped their target price 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. BMO Capital Markets dropped their price objective on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a report on Friday. Piper Sandler cut their target price on Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating on the stock in a research note on Friday. Evercore ISI boosted their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, 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 research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $380.72.

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.