Perigon Wealth Management LLC Purchases 481 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Perigon Wealth Management LLC increased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 56.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,328 shares of the apparel retailer’s stock after buying an additional 481 shares during the quarter. Perigon Wealth Management LLC’s holdings in Lululemon Athletica were worth $679,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Helios Capital Management PTE. Ltd. bought a new position in Lululemon Athletica in the 4th quarter worth $1,534,000. Valeo Financial Advisors LLC boosted its holdings in shares of Lululemon Athletica by 26.7% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,725 shares of the apparel retailer’s stock valued at $882,000 after purchasing an additional 363 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in shares of Lululemon Athletica during the 4th quarter valued at about $31,000. Cerity Partners LLC boosted its holdings in shares of Lululemon Athletica by 454.0% during the 4th quarter. Cerity Partners LLC now owns 11,363 shares of the apparel retailer’s stock valued at $5,810,000 after purchasing an additional 9,312 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new position in shares of Lululemon Athletica during the 4th quarter valued at about $89,000. Institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Needham & Company LLC dropped their price objective on shares of Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Citigroup dropped their price objective on shares of Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Stifel Nicolaus reissued a “buy” rating and set a $539.00 price objective (down previously from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Sanford C. Bernstein increased their price target on shares of Lululemon Athletica from $400.00 to $430.00 and gave the company a “market perform” rating in a report on Thursday, January 4th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $445.00 price target (down previously from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $485.39.

Insider Transactions at Lululemon Athletica

In other news, Director Martha A. M. Morfitt bought 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average price of $389.29 per share, with a total value of $272,503.00. Following the purchase, the director now owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.54% of the company’s stock.

Lululemon Athletica Trading Down 3.9 %

Shares of LULU opened at $336.13 on Monday. The firm has a market cap of $42.36 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30. The company’s 50-day moving average price is $432.00 and its 200 day moving average price is $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 issued its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period in the prior year, the business posted $4.40 EPS. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

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.