50,686 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 50,686 shares of the apparel retailer’s stock, valued at approximately $25,915,000. Lululemon Athletica comprises approximately 1.6% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 21st biggest position.

Several other institutional investors also recently modified their holdings of LULU. Alliancebernstein L.P. increased its stake in shares of Lululemon Athletica by 1,462.6% in the 2nd quarter. Alliancebernstein L.P. now owns 1,093,563 shares of the apparel retailer’s stock worth $413,914,000 after acquiring an additional 1,023,578 shares in the last quarter. International Assets Investment Management LLC grew its position in Lululemon Athletica by 51,219.6% during 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 purchasing an additional 686,855 shares during the last quarter. Morgan Stanley grew its position in Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after purchasing an additional 437,069 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its position in Lululemon Athletica by 7,310.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 364,318 shares of the apparel retailer’s stock valued at $116,720,000 after purchasing an additional 359,402 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in 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 valued at $719,198,000 after purchasing an additional 310,347 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Trading Up 1.1 %

LULU traded up $3.68 during trading hours on Tuesday, hitting $338.44. The company’s stock had a trading volume of 1,513,246 shares, compared to its average volume of 1,753,122. The business’s 50-day moving average price is $429.56 and its 200-day moving average price is $440.25. Lululemon Athletica Inc. has a 12 month low of $326.93 and a 12 month high of $516.39. The stock has a market cap of $42.65 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 1.19 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the previous year, the business posted $4.40 earnings per share. Lululemon Athletica’s quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts forecast that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LULU. BNP Paribas downgraded shares of Lululemon Athletica from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $430.00 to $415.00 in a report on Friday, February 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $539.00 price target (down previously from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Morgan Stanley dropped their price target on shares of Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $550.00 price target on shares of Lululemon Athletica in a report on Friday, March 22nd. Finally, Guggenheim dropped their price target on shares of Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Two research 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $485.39.

Insider Buying and Selling

In other news, Director Martha A. M. Morfitt acquired 700 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost 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 of the company’s stock, valued at $194,645. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by company 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.