Stevens Capital Management LP Invests $711,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Stevens Capital Management LP acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,391 shares of the apparel retailer’s stock, valued at approximately $711,000.

Several other large investors also recently made changes to their positions in LULU. Daymark Wealth Partners LLC lifted its stake in Lululemon Athletica by 3.8% in the fourth quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock valued at $293,000 after acquiring an additional 21 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in shares of Lululemon Athletica by 1.9% during the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock worth $612,000 after buying an additional 22 shares during the last quarter. Pinnacle Financial Partners Inc lifted its stake in shares of Lululemon Athletica by 1.9% during the 4th quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock worth $646,000 after buying an additional 23 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in shares of Lululemon Athletica by 11.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock worth $97,000 after buying an additional 25 shares during the last quarter. Finally, Sage Mountain Advisors LLC lifted its stake in shares of Lululemon Athletica by 3.3% during the 3rd quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer’s stock worth $312,000 after buying an additional 26 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of the company’s stock in a transaction 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 completion of the acquisition, the director now directly owns 500 shares in the company, valued at $194,645. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup cut their target price on shares of Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. KeyCorp cut their target price on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. HSBC dropped their target price on shares of Lululemon Athletica from $500.00 to $405.00 in a research report on Wednesday, April 10th. Oppenheimer reiterated 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. Finally, Morgan Stanley decreased their price target on shares of Lululemon Athletica from $539.00 to $490.00 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 stock. According to data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average price target of $483.61.

Lululemon Athletica Stock Down 1.3 %

LULU traded down $4.59 during trading on Thursday, hitting $360.00. 1,536,783 shares of the company traded hands, compared to its average volume of 1,779,732. The firm has a market cap of $45.36 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30. The stock’s fifty day moving average is $414.25 and its 200 day moving average is $438.85. Lululemon Athletica Inc. has a one year low of $326.93 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share 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 analyst estimates of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.40 earnings per share. On average, equities research analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

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.