Aviance Capital Partners LLC Purchases 2,100 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Aviance Capital Partners LLC raised its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 100.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,181 shares of the apparel retailer’s stock after acquiring an additional 2,100 shares during the period. Aviance Capital Partners LLC’s holdings in Lululemon Athletica were worth $2,138,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in Lululemon Athletica by 51,219.6% in the 4th quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock valued at $351,868,000 after buying an additional 686,855 shares during the last quarter. Morgan Stanley increased its position in shares of Lululemon Athletica by 29.2% in the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after acquiring an additional 437,069 shares during the last quarter. Schroder Investment Management Group raised its holdings in Lululemon Athletica by 20.0% during the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after acquiring an additional 310,347 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Lululemon Athletica during the third quarter valued at approximately $71,483,000. Finally, Ameriprise Financial Inc. grew its stake in Lululemon Athletica by 34.5% in the third quarter. Ameriprise Financial Inc. now owns 668,087 shares of the apparel retailer’s stock valued at $257,627,000 after purchasing an additional 171,227 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LULU shares. HSBC cut their price objective on Lululemon Athletica from $500.00 to $405.00 in a report on Wednesday, April 10th. Evercore ISI dropped their price objective on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Raymond James lifted their price objective on shares of Lululemon Athletica from $495.00 to $520.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. Barclays lowered shares of Lululemon Athletica from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $546.00 to $395.00 in a research report on Monday, April 29th. Finally, Citigroup reduced their target price on shares of Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $476.57.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock traded down $4.91 during trading on Monday, reaching $350.24. 1,322,900 shares of the company’s stock were exchanged, compared to its average volume of 1,750,607. Lululemon Athletica Inc. has a 1-year low of $326.93 and a 1-year high of $516.39. The company has a market cap of $44.13 billion, a P/E ratio of 28.68, a PEG ratio of 1.25 and a beta of 1.30. The firm’s 50-day moving average price is $398.89 and its 200 day moving average price is $437.42.

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

Insider Activity at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the acquisition, the director now owns 500 shares of the company’s stock, valued at $194,645. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.54% of the stock is owned by insiders.

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.