Enterprise Financial Services Corp Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Enterprise Financial Services Corp acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 400 shares of the apparel retailer’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Valley National Advisers Inc. grew its position in Lululemon Athletica by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 42 shares during the period. Tidemark LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $26,000. Milestone Investment Advisors LLC acquired a new stake in shares of Lululemon Athletica in the third quarter valued at about $27,000. Morton Brown Family Wealth LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $31,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In other news, Director Martha A. M. Morfitt acquired 700 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the transaction, the director now owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

Lululemon Athletica Stock Performance

Shares of LULU stock traded down $2.81 during mid-day trading on Thursday, hitting $296.82. 1,648,448 shares of the stock traded hands, compared to its average volume of 1,844,447. The firm has a market cap of $37.40 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.45 and a beta of 1.30. The company’s 50-day simple moving average is $370.12 and its 200-day simple moving average is $432.30. Lululemon Athletica Inc. has a twelve month low of $295.74 and a twelve month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data 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. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company’s revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company posted $4.40 EPS. Analysts forecast that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of recent research reports. KeyCorp lowered their target price on Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Jefferies Financial Group reduced their price target on Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating for the company in a report on Thursday, April 4th. Stifel Nicolaus reissued a “buy” rating and issued a $539.00 price target (down previously from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. JPMorgan Chase & Co. reduced their price target on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $550.00 price target on shares of Lululemon Athletica in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $468.59.

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.