Watershed Private Wealth LLC Invests $328,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Watershed Private Wealth LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULUFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 641 shares of the apparel retailer’s stock, valued at approximately $328,000.

A number of other large investors have also added to or reduced their stakes in LULU. Valley National Advisers Inc. raised its stake in Lululemon Athletica by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 42 shares during the last quarter. Milestone Investment Advisors LLC acquired a new position in Lululemon Athletica during the 3rd quarter valued at approximately $27,000. Bogart Wealth LLC lifted its stake in shares of Lululemon Athletica by 270.0% during the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after buying an additional 54 shares during the period. Morton Brown Family Wealth LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth about $31,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in Lululemon Athletica in the 4th quarter worth approximately $40,000. 85.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Martha A. M. Morfitt acquired 700 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the transaction, the director now owns 500 shares of the company’s stock, valued at $194,645. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Lululemon Athletica Stock Up 0.0 %

NASDAQ LULU traded up $0.01 on Friday, reaching $352.96. 1,390,923 shares of the stock traded hands, compared to its average volume of 1,756,889. Lululemon Athletica Inc. has a 12 month low of $326.93 and a 12 month high of $516.39. The company has a market cap of $44.48 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 1.25 and a beta of 1.30. The firm’s fifty day simple moving average is $391.88 and its 200 day simple moving average is $435.88.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last released its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.19 billion. During the same period in the previous year, the company earned $4.40 earnings per share. Lululemon Athletica’s revenue was up 15.6% compared to the same quarter last year. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LULU. BTIG Research assumed coverage on Lululemon Athletica in a report on Wednesday. They set a “buy” rating and a $425.00 price target on the stock. BNP Paribas lowered Lululemon Athletica from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $430.00 to $415.00 in a report on Friday, February 9th. Truist Financial cut their target price on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Stifel Nicolaus restated a “buy” rating and set a $539.00 target price (down previously from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Finally, Sanford C. Bernstein dropped their price target on shares of Lululemon Athletica from $430.00 to $384.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $474.79.

Check Out Our Latest Report on Lululemon Athletica

About Lululemon Athletica

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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