Crew Capital Management Ltd. Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Crew Capital Management Ltd. bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,571 shares of the apparel retailer’s stock, valued at approximately $1,315,000. Lululemon Athletica makes up about 1.3% of Crew Capital Management Ltd.’s investment portfolio, making the stock its 15th biggest holding.

Several other large investors have also bought and sold shares of the company. Valley National Advisers Inc. grew its stake in shares of Lululemon Athletica by 600.0% in the fourth 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 shares of Lululemon Athletica in the fourth quarter worth approximately $31,000. Milestone Investment Advisors LLC bought a new stake in shares of Lululemon Athletica in the third quarter worth approximately $27,000. Bogart Wealth LLC grew its stake in shares of Lululemon Athletica by 270.0% in the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 54 shares during the period. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $40,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Down 0.2 %

Lululemon Athletica stock traded down $0.74 during mid-day trading on Monday, reaching $363.96. 1,360,903 shares of the company’s stock traded hands, compared to its average volume of 1,767,994. The company has a market cap of $45.86 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 1.29 and a beta of 1.30. The stock has a 50 day moving average of $410.57 and a two-hundred day moving average of $439.16. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. The company 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%. Lululemon Athletica’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.40 earnings per share. As a group, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the purchase, the director now directly owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LULU. Barclays lowered shares of Lululemon Athletica from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $546.00 to $395.00 in a research note on Monday. Stifel Nicolaus reiterated a “buy” rating and issued a $539.00 price target (down from $596.00) on shares of Lululemon Athletica in a research note on Friday, March 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $550.00 price target on shares of Lululemon Athletica in a research note on Friday, March 22nd. JPMorgan Chase & Co. cut their target price on shares of Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Finally, Oppenheimer restated an “outperform” rating and set a $445.00 target price (down from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $476.57.

Lululemon Athletica 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.