484 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 484 shares of the apparel retailer’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schmidt P J Investment Management Inc. raised its holdings in Lululemon Athletica by 4.3% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 1,082 shares of the apparel retailer’s stock worth $517,000 after purchasing an additional 45 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in Lululemon Athletica by 56.8% during the fourth quarter. Perigon Wealth Management LLC now owns 1,328 shares of the apparel retailer’s stock worth $679,000 after purchasing an additional 481 shares in the last quarter. Helios Capital Management PTE. Ltd. bought a new stake in Lululemon Athletica during the fourth quarter worth approximately $1,534,000. Valeo Financial Advisors LLC raised its holdings in Lululemon Athletica by 26.7% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,725 shares of the apparel retailer’s stock worth $882,000 after purchasing an additional 363 shares in the last quarter. Finally, Morton Brown Family Wealth LLC bought a new position in shares of Lululemon Athletica in the fourth quarter valued at $31,000. Institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LULU shares. Barclays dropped their price target on Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Wells Fargo & Company dropped their price target on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Friday, March 22nd. Robert W. Baird upped their price target on Lululemon Athletica from $520.00 to $555.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Guggenheim dropped their price target on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, Needham & Company LLC dropped their price target on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Two 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $485.39.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $347.51 on Friday. The firm has a market cap of $43.79 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 1.20 and a beta of 1.30. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39. The firm has a fifty day moving average price of $422.44 and a two-hundred day moving average price of $438.62.

Lululemon Athletica (NASDAQ:LULU) last released its 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 firm 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%. The business’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.40 EPS. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Insider Activity

In related news, Director Martha A. M. Morfitt acquired 700 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was acquired 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 of the company’s stock, valued at $194,645. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is 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.