500 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 500 shares of the apparel retailer’s stock, valued at approximately $256,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC purchased a new stake in Lululemon Athletica in the 1st quarter valued at about $2,696,000. Panagora Asset Management Inc. grew its holdings in Lululemon Athletica by 48.4% in the 1st quarter. Panagora Asset Management Inc. now owns 1,647 shares of the apparel retailer’s stock valued at $602,000 after buying an additional 537 shares during the period. Yousif Capital Management LLC grew its holdings in Lululemon Athletica by 2.5% in the 1st quarter. Yousif Capital Management LLC now owns 4,022 shares of the apparel retailer’s stock valued at $1,469,000 after buying an additional 100 shares during the period. Raymond James Trust N.A. grew its holdings in Lululemon Athletica by 6.5% in the 1st quarter. Raymond James Trust N.A. now owns 1,251 shares of the apparel retailer’s stock valued at $457,000 after buying an additional 76 shares during the period. Finally, Prudential PLC purchased a new stake in Lululemon Athletica in the 1st quarter valued at about $774,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 1.7 %

Lululemon Athletica stock opened at $344.86 on Thursday. The stock has a market cap of $43.46 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. The stock has a 50 day moving average of $424.95 and a 200-day moving average of $439.26. Lululemon Athletica Inc. has a 52 week low of $326.93 and a 52 week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.40 EPS. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on LULU. BNP Paribas cut Lululemon Athletica from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $430.00 to $415.00 in a report on Friday, February 9th. BMO Capital Markets lifted their price target on Lululemon Athletica from $408.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Oppenheimer reissued an “outperform” rating and set a $445.00 target price (down previously from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. KeyCorp dropped their target price 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. Finally, Needham & Company LLC dropped their target price on shares of Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $485.39.

Insider Activity at Lululemon Athletica

In other news, Director Martha A. M. Morfitt purchased 700 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of $389.29 per share, with a total value of $272,503.00. Following the transaction, the director now owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

Lululemon Athletica Company 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.