25,383 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 25,383 shares of the apparel retailer’s stock, valued at approximately $12,978,000. Lululemon Athletica comprises about 1.8% of Barlow Wealth Partners Inc.’s investment portfolio, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Daymark Wealth Partners LLC lifted its holdings in Lululemon Athletica by 3.8% during the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock valued at $293,000 after purchasing an additional 21 shares during the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of Lululemon Athletica by 1.9% in the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock valued at $612,000 after purchasing an additional 22 shares in the last quarter. Pinnacle Financial Partners Inc raised its holdings 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 in the last quarter. Baker Avenue Asset Management LP lifted its position 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, Herbst Group LLC boosted its stake in Lululemon Athletica by 1.1% in the fourth quarter. Herbst Group LLC now owns 2,880 shares of the apparel retailer’s stock valued at $1,473,000 after buying an additional 30 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wedbush decreased their target price on shares of Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Morgan Stanley dropped their target price on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. TD Cowen reduced their price target on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. HSBC dropped their price objective on shares of Lululemon Athletica from $500.00 to $405.00 in a report on Wednesday, April 10th. Finally, Oppenheimer reissued an “outperform” rating and set a $445.00 target price (down previously from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $474.79.

Insider Buying and Selling

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

Lululemon Athletica Trading Down 1.2 %

Shares of LULU stock traded down $4.24 during trading hours on Wednesday, reaching $345.61. 1,365,459 shares of the company’s stock were exchanged, compared to its average volume of 1,740,204. The company has a market cap of $43.55 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 1.25 and a beta of 1.30. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39. The stock’s 50 day moving average is $396.53 and its 200-day moving average is $437.09.

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 business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.40 EPS. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

About Lululemon Athletica

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.