Atria Wealth Solutions Inc. Has $3.06 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Atria Wealth Solutions Inc. increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,992 shares of the apparel retailer’s stock after buying an additional 238 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Lululemon Athletica were worth $3,063,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC raised its stake in shares of Lululemon Athletica by 3.8% in the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock valued at $293,000 after buying an additional 21 shares in the last quarter. Simon Quick Advisors LLC raised its position in Lululemon Athletica by 1.9% in the fourth quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock worth $612,000 after purchasing an additional 22 shares in the last quarter. Pinnacle Financial Partners Inc lifted its stake in Lululemon Athletica by 1.9% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock worth $646,000 after purchasing an additional 23 shares during the period. Baker Avenue Asset Management LP boosted its holdings in Lululemon Athletica by 11.1% during the third quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock valued at $97,000 after purchasing an additional 25 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its stake in shares of Lululemon Athletica by 3.3% in the 3rd quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer’s stock valued at $312,000 after purchasing an additional 26 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wells Fargo & Company cut their target price on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating for the company in a research report on Friday, March 22nd. HSBC dropped their target price on shares of Lululemon Athletica from $500.00 to $405.00 in a research report on Wednesday, April 10th. TD Cowen reduced their price target on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Guggenheim decreased their price objective on shares of Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $550.00 target price on shares of Lululemon Athletica in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $481.96.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt acquired 700 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 500 shares in the company, valued at $194,645. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Lululemon Athletica Trading Up 1.3 %

Shares of NASDAQ LULU opened at $364.70 on Monday. Lululemon Athletica Inc. has a 1 year low of $326.93 and a 1 year high of $516.39. The firm’s 50-day moving average is $410.57 and its 200-day moving average is $439.16. The firm has a market capitalization of $45.96 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data 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 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 analysts’ expectations of $3.19 billion. During the same period last year, the firm earned $4.40 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

About Lululemon Athletica

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.