Ingalls & Snyder LLC Takes $227,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Ingalls & Snyder LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 443 shares of the apparel retailer’s stock, valued at approximately $227,000.

Several other large investors also recently modified their holdings of the stock. Valley National Advisers Inc. increased 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 worth $25,000 after acquiring an additional 42 shares during the period. Milestone Investment Advisors LLC bought a new position in Lululemon Athletica during the third quarter worth about $27,000. Bogart Wealth LLC increased its position in Lululemon Athletica by 270.0% during the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 54 shares during the period. Morton Brown Family Wealth LLC bought a new position in Lululemon Athletica during the fourth quarter worth about $31,000. Finally, Farmers & Merchants Investments Inc. bought a new position in Lululemon Athletica during the fourth quarter worth about $40,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Trading Down 3.9 %

Shares of LULU stock opened at $336.13 on Monday. The firm has a market capitalization of $42.36 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30. The firm has a fifty day simple moving average of $432.00 and a two-hundred day simple moving average of $440.56. Lululemon Athletica Inc. has a 12 month low of $326.93 and a 12 month high of $516.39.

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

Analysts Set New Price Targets

LULU has been the topic of several recent analyst reports. Robert W. Baird raised their target price on shares of Lululemon Athletica from $520.00 to $555.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Barclays decreased their target price on shares of Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. HSBC decreased their target price on shares of Lululemon Athletica from $500.00 to $405.00 in a report on Wednesday, April 10th. TD Cowen decreased their target price on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Finally, Raymond James raised their price target on shares of Lululemon Athletica from $495.00 to $520.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $485.39.

Insider Buying and Selling at Lululemon Athletica

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

Lululemon Athletica 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.