Lululemon Athletica Inc. (NASDAQ:LULU) Position Increased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 22.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,097 shares of the apparel retailer’s stock after purchasing an additional 203 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Lululemon Athletica were worth $561,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LULU. Pacer Advisors Inc. boosted its stake in Lululemon Athletica by 203.9% in the 4th quarter. Pacer Advisors Inc. now owns 15,233 shares of the apparel retailer’s stock worth $7,788,000 after purchasing an additional 10,221 shares during the period. FSC Wealth Advisors LLC acquired a new position in Lululemon Athletica in the 4th quarter worth approximately $41,000. CVA Family Office LLC acquired a new position in Lululemon Athletica in the 4th quarter worth approximately $74,000. CHURCHILL MANAGEMENT Corp boosted its stake in Lululemon Athletica by 108.1% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 15,207 shares of the apparel retailer’s stock worth $7,775,000 after purchasing an additional 7,900 shares during the period. Finally, CoreCap Advisors LLC acquired a new position in Lululemon Athletica in the 4th quarter worth approximately $285,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Trading Down 0.7 %

Shares of NASDAQ LULU opened at $386.14 on Wednesday. Lululemon Athletica Inc. has a 1-year low of $310.41 and a 1-year high of $516.39. The company has a market cap of $48.73 billion, a PE ratio of 31.62, a P/E/G ratio of 1.37 and a beta of 1.33. The company has a 50-day moving average of $461.28 and a two-hundred day moving average of $442.40.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last posted its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. Lululemon Athletica’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.40 earnings per share. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.24 earnings per share for the current year.

Lululemon Athletica announced that its board has authorized a share buyback program on Thursday, December 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the apparel retailer to purchase up to 1.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of recent analyst reports. BNP Paribas lowered shares of Lululemon Athletica from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $430.00 to $415.00 in a research note on Friday, February 9th. Bank of America lifted their target price on shares of Lululemon Athletica from $450.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, December 8th. UBS Group lifted their target price on shares of Lululemon Athletica from $429.00 to $470.00 and gave the company a “neutral” rating in a research note on Friday, December 8th. Citigroup decreased 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. Finally, Guggenheim decreased their target price on shares of Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average target price of $493.66.

Check Out Our Latest Stock Report on LULU

Lululemon Athletica Company Profile

(Free Report)

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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