McGlone Suttner Wealth Management Inc. Acquires New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

McGlone Suttner Wealth Management Inc. acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULUFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 115 shares of the apparel retailer’s stock, valued at approximately $59,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in LULU. Alliancebernstein L.P. raised its holdings in shares of Lululemon Athletica by 1,462.6% in the second quarter. Alliancebernstein L.P. now owns 1,093,563 shares of the apparel retailer’s stock valued at $413,914,000 after acquiring an additional 1,023,578 shares in the last quarter. Morgan Stanley raised its holdings in shares of Lululemon Athletica by 29.2% in the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after acquiring an additional 437,069 shares in the last quarter. Holocene Advisors LP grew its stake in Lululemon Athletica by 3,139.4% in the second quarter. Holocene Advisors LP now owns 436,509 shares of the apparel retailer’s stock valued at $165,219,000 after purchasing an additional 423,034 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its stake in Lululemon Athletica by 7,310.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 364,318 shares of the apparel retailer’s stock valued at $116,720,000 after purchasing an additional 359,402 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in Lululemon Athletica by 20.0% in the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock valued at $719,198,000 after purchasing an additional 310,347 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Trading Up 0.3 %

Shares of NASDAQ:LULU opened at $390.65 on Friday. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39. The company has a market capitalization of $49.23 billion, a PE ratio of 31.99, a PEG ratio of 1.38 and a beta of 1.33. The business has a 50 day moving average of $456.28 and a two-hundred day moving average of $441.60.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last announced its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the previous year, the company posted $4.40 earnings per share. Lululemon Athletica’s revenue for the quarter was up 15.6% on a year-over-year basis. Equities research analysts predict that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

Lululemon Athletica declared that its Board of Directors has authorized a stock 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 repurchase up to 1.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group lifted their target price on Lululemon Athletica from $429.00 to $470.00 and gave the company a “neutral” rating in a research note on Friday, December 8th. HSBC lowered Lululemon Athletica from a “buy” rating to a “hold” rating and set a $500.00 target price on the stock. in a research note on Monday, January 22nd. Wedbush cut their target price on Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. JPMorgan Chase & Co. cut their target price on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Finally, Oppenheimer boosted their price target on Lululemon Athletica from $450.00 to $540.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. Two 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 MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.29.

Get Our Latest Analysis on Lululemon Athletica

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of Lululemon Athletica stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average cost of $389.29 per share, with a total value of $272,503.00. Following the purchase, the director now directly owns 500 shares in the company, valued at approximately $194,645. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

About Lululemon Athletica

(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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