Farther Finance Advisors LLC Grows Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Farther Finance Advisors LLC grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,401 shares of the apparel retailer’s stock after buying an additional 104 shares during the quarter. Farther Finance Advisors LLC’s holdings in Lululemon Athletica were worth $392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. TCTC Holdings LLC bought a new position in shares of Lululemon Athletica during the 4th quarter valued at about $26,000. Anderson Financial Strategies LLC bought a new position in Lululemon Athletica during the fourth quarter valued at approximately $30,000. Kestra Investment Management LLC bought a new stake in Lululemon Athletica in the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at about $32,000. Finally, Pittenger & Anderson Inc. boosted its holdings in Lululemon Athletica by 53.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 33 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. KeyCorp dropped their price target on shares of Lululemon Athletica from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, June 6th. Stifel Nicolaus dropped their price target on Lululemon Athletica from $353.00 to $324.00 and set a “buy” rating for the company in a research note on Friday, June 6th. Evercore ISI upped their price objective on shares of Lululemon Athletica from $320.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. BMO Capital Markets cut their target price on shares of Lululemon Athletica from $302.00 to $250.00 and set a “market perform” rating on the stock in a research note on Friday, June 6th. Finally, CICC Research reiterated a “market perform” rating and set a $280.49 price target on shares of Lululemon Athletica in a research report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $340.26.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $241.29 on Tuesday. The company has a market cap of $28.92 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 2.22 and a beta of 1.26. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The stock’s 50 day simple moving average is $284.63 and its two-hundred day simple moving average is $335.27.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting the consensus estimate of $2.60. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the business posted $2.54 earnings per share. Lululemon Athletica’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Lululemon Athletica Company 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.