Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Waldron Private Wealth LLC

Waldron Private Wealth LLC boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 907 shares of the apparel retailer’s stock after acquiring an additional 81 shares during the period. Waldron Private Wealth LLC’s holdings in Lululemon Athletica were worth $463,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rockline Wealth Management LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $1,503,000. Envestnet Asset Management Inc. lifted its stake in Lululemon Athletica by 30.3% during the third quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock worth $73,248,000 after purchasing an additional 44,141 shares in the last quarter. Blair William & Co. IL lifted its stake in Lululemon Athletica by 1.9% during the third quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock worth $112,081,000 after purchasing an additional 5,403 shares in the last quarter. HB Wealth Management LLC lifted its stake in Lululemon Athletica by 10.9% during the fourth quarter. HB Wealth Management LLC now owns 1,703 shares of the apparel retailer’s stock worth $871,000 after purchasing an additional 168 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Lululemon Athletica by 42.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,710 shares of the apparel retailer’s stock worth $1,386,000 after purchasing an additional 805 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Trading Down 0.4 %

Shares of LULU opened at $334.76 on Tuesday. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39. The stock’s 50 day moving average is $429.56 and its two-hundred day moving average is $440.25. The firm has a market capitalization of $42.18 billion, a PE ratio of 27.42, a P/E/G ratio of 1.19 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (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 period in the previous year, the firm posted $4.40 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, sell-side analysts predict that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LULU shares. BMO Capital Markets upped their price objective on Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Sanford C. Bernstein upped their price objective on Lululemon Athletica from $400.00 to $430.00 and gave the stock a “market perform” rating in a research report on Thursday, January 4th. Raymond James increased their target price on Lululemon Athletica from $495.00 to $520.00 and gave the company an “outperform” rating in a report on Wednesday, January 10th. TD Cowen dropped their target price on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $485.39.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the business’s stock in a transaction on 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 acquisition, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently 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.