Peapack Gladstone Financial Corp Raises Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Peapack Gladstone Financial Corp grew its holdings in Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 21.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 628 shares of the apparel retailer’s stock after buying an additional 109 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Lululemon Athletica were worth $320,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LULU. Valley National Advisers Inc. lifted its holdings in Lululemon Athletica by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Tidemark LLC purchased a new position in Lululemon Athletica in the 4th quarter valued at about $26,000. Morton Brown Family Wealth LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth about $31,000. Johnson Financial Group Inc. purchased a new stake in Lululemon Athletica during the 4th quarter worth approximately $39,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $40,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LULU has been the subject of several recent research reports. Bank of America increased their price objective on Lululemon Athletica from $430.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday. KeyCorp lowered their price target on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Evercore ISI cut their price objective on shares of Lululemon Athletica from $515.00 to $400.00 in a report on Wednesday. Stifel Nicolaus boosted their target price on Lululemon Athletica from $410.00 to $416.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wedbush upped their price target on Lululemon Athletica from $397.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $437.55.

Get Our Latest Report on Lululemon Athletica

Lululemon Athletica Price Performance

LULU opened at $323.03 on Friday. The stock has a market capitalization of $40.71 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.47 and a beta of 1.27. The business has a fifty day moving average price of $341.94 and a 200 day moving average price of $423.64. Lululemon Athletica Inc. has a 12 month low of $293.03 and a 12 month high of $516.39.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last issued its earnings results on Wednesday, June 5th. The apparel retailer reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.16. Lululemon Athletica had a net margin of 16.09% and a return on equity of 43.93%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter last year, the company earned $2.28 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.08 earnings per share for the current year.

Insider Buying and Selling

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of $389.29 per share, for a total transaction 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

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 offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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