Lululemon Athletica Inc. (NASDAQ:LULU) Stock Position Boosted by Consolidated Planning Corp

Consolidated Planning Corp grew its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,141 shares of the apparel retailer’s stock after purchasing an additional 327 shares during the period. Consolidated Planning Corp’s holdings in Lululemon Athletica were worth $2,117,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its position in shares of Lululemon Athletica by 17.7% during the 4th quarter. Russell Investments Group Ltd. now owns 163,210 shares of the apparel retailer’s stock valued at $83,428,000 after purchasing an additional 24,556 shares in the last quarter. Dohj LLC acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $1,019,000. Gilliland Jeter Wealth Management LLC acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $1,145,000. Delta Investment Management LLC acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $223,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth $895,000. Institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LULU shares. Wedbush dropped their target price on shares of Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. 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 research report on Friday, March 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $445.00 target price (down previously from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. Robert W. Baird dropped their target price on shares of Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. Finally, Barclays dropped their target price on shares of Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $481.96.

Insiders Place Their Bets

In other news, Director Martha A. M. Morfitt acquired 700 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Lululemon Athletica Trading Up 1.3 %

NASDAQ LULU traded up $4.70 on Friday, hitting $364.70. 1,234,535 shares of the company were exchanged, compared to its average volume of 2,023,414. The firm has a 50 day moving average of $410.57 and a two-hundred day moving average of $438.25. The company has a market cap of $45.96 billion, a P/E ratio of 29.87, a P/E/G ratio of 1.27 and a beta of 1.30. Lululemon Athletica Inc. has a 1-year low of $326.93 and a 1-year high of $516.39.

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

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.