lululemon athletica inc. $LULU Shares Bought by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV lifted its holdings in lululemon athletica inc. (NASDAQ:LULU) by 66.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,757 shares of the apparel retailer’s stock after acquiring an additional 7,875 shares during the period. Azzad Asset Management Inc. ADV’s holdings in lululemon athletica were worth $4,106,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LULU. Cornerstone Planning Group LLC boosted its stake in shares of lululemon athletica by 81.9% in the third quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 68 shares during the period. Murphy & Mullick Capital Management Corp boosted its stake in shares of lululemon athletica by 187.5% in the third quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock valued at $27,000 after purchasing an additional 105 shares during the period. GoalVest Advisory LLC purchased a new position in shares of lululemon athletica in the fourth quarter valued at $27,000. Tradewinds Capital Management LLC boosted its stake in shares of lululemon athletica by 18,400.0% in the third quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 184 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of lululemon athletica by 464.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 116 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica Stock Performance

lululemon athletica stock opened at $156.18 on Tuesday. The firm’s 50-day moving average is $169.65 and its 200-day moving average is $179.82. lululemon athletica inc. has a 1 year low of $143.96 and a 1 year high of $340.25. The company has a market cap of $18.85 billion, a P/E ratio of 11.74, a PEG ratio of 4.79 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.78 by $0.23. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the firm posted $6.14 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. As a group, sell-side analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Transactions at lululemon athletica

In other lululemon athletica news, Director Charles V. Bergh purchased 6,090 shares of lululemon athletica stock in a transaction dated Friday, March 20th. The shares were bought at an average cost of $164.20 per share, for a total transaction of $999,978.00. Following the transaction, the director owned 6,090 shares in the company, valued at $999,978. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andre Maestrini purchased 3,275 shares of lululemon athletica stock in a transaction dated Wednesday, April 1st. The stock was acquired at an average price of $151.02 per share, for a total transaction of $494,590.50. Following the completion of the transaction, the chief executive officer owned 34,551 shares in the company, valued at approximately $5,217,892.02. The trade was a 10.47% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Robert W. Baird decreased their target price on shares of lululemon athletica from $210.00 to $190.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. JPMorgan Chase & Co. decreased their target price on shares of lululemon athletica from $209.00 to $196.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Bank of America decreased their target price on shares of lululemon athletica from $220.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. UBS Group decreased their target price on shares of lululemon athletica from $189.00 to $176.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Finally, Piper Sandler upped their target price on shares of lululemon athletica from $165.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twenty-eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $206.77.

lululemon athletica Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.