2,179 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULUFree Report) during the 4th quarter, Holdings Channel reports. The firm bought 2,179 shares of the apparel retailer’s stock, valued at approximately $1,114,000.

Several other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC grew its position in Lululemon Athletica by 51,219.6% in the fourth quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock worth $351,868,000 after acquiring an additional 686,855 shares during the period. Morgan Stanley grew its holdings in shares of Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after purchasing an additional 437,069 shares during the period. Schroder Investment Management Group increased its position in shares of Lululemon Athletica by 20.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after purchasing an additional 310,347 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Lululemon Athletica by 61.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 653,391 shares of the apparel retailer’s stock worth $334,072,000 after purchasing an additional 249,232 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Lululemon Athletica in the 3rd quarter valued at about $71,483,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In other news, Director Martha A. M. Morfitt purchased 700 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU traded down $3.33 during trading on Friday, hitting $334.95. 2,588,595 shares of the company were exchanged, compared to its average volume of 1,628,066. The firm’s 50 day moving average price is $378.90 and its 200-day moving average price is $434.09. The stock has a market capitalization of $42.21 billion, a P/E ratio of 27.43, a PEG ratio of 1.20 and a beta of 1.30. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LULU shares. KeyCorp dropped their price target on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. TD Cowen lowered their price target on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Needham & Company LLC cut their price objective on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. BNP Paribas lowered Lululemon Athletica from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $430.00 to $415.00 in a research note on Friday, February 9th. Finally, HSBC dropped their target price on Lululemon Athletica from $500.00 to $405.00 in a research report on Wednesday, April 10th. Two research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $474.79.

Read Our Latest Stock Report on LULU

Lululemon Athletica Profile

(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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