Coastline Trust Co Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Coastline Trust Co purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULUFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,020 shares of the apparel retailer’s stock, valued at approximately $1,033,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Union Savings Bank bought a new stake in Lululemon Athletica during the 2nd quarter worth approximately $25,000. Milestone Investment Advisors LLC bought a new stake in Lululemon Athletica during the 3rd quarter worth approximately $27,000. Bogart Wealth LLC increased its holdings in Lululemon Athletica by 270.0% during the 3rd 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. FSC Wealth Advisors LLC bought a new stake in Lululemon Athletica during the 4th quarter worth approximately $41,000. Finally, Founders Capital Management bought a new stake in Lululemon Athletica during the 3rd quarter worth approximately $39,000. Institutional investors own 85.20% of the company’s stock.

Insiders Place Their Bets

In related news, Director Martha A. M. Morfitt acquired 700 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the acquisition, the director now owns 500 shares of the company’s stock, valued at $194,645. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

LULU has been the topic of a number of analyst reports. Raymond James upped their target price on shares of Lululemon Athletica from $495.00 to $520.00 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. BNP Paribas cut shares of Lululemon Athletica from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $430.00 to $415.00 in a research note on Friday, February 9th. Piper Sandler cut their price target on shares of Lululemon Athletica from $560.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Oppenheimer boosted their price target on shares of Lululemon Athletica from $450.00 to $540.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lululemon Athletica from $500.00 to $502.00 and gave the stock a “buy” rating in a research note on Friday, December 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average price target of $496.29.

View Our Latest Research Report on Lululemon Athletica

Lululemon Athletica Stock Down 1.9 %

NASDAQ:LULU opened at $378.06 on Wednesday. The company has a fifty day moving average of $452.47 and a 200 day moving average of $442.27. Lululemon Athletica Inc. has a 52 week low of $326.93 and a 52 week high of $516.39. The firm has a market capitalization of $47.64 billion, a P/E ratio of 30.96, a P/E/G ratio of 1.36 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last posted its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same period in the prior year, the business posted $4.40 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.17 EPS for the current year.

Lululemon Athletica declared that its Board of Directors has initiated a stock buyback program on Thursday, December 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the apparel retailer to repurchase up to 1.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

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

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