TRU Independence Asset Management 2 LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 108 shares of the apparel retailer’s stock, valued at approximately $38,000.
A number of other institutional investors have also recently modified their holdings of the stock. Encompass Wealth Advisors LLC bought a new position in Lululemon Athletica in the 4th quarter worth $38,000. Childress Capital Advisors LLC bought a new position in Lululemon Athletica in the 4th quarter worth $126,000. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Lululemon Athletica by 6.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 324,612 shares of the apparel retailer’s stock valued at $112,974,000 after purchasing an additional 20,305 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Lululemon Athletica during the 4th quarter valued at about $1,278,000. Finally, Harvest Volatility Management LLC bought a new position in shares of Lululemon Athletica during the 4th quarter valued at about $583,000. 81.95% of the stock is owned by institutional investors.
Shares of LULU opened at $306.04 on Thursday. Lululemon Athletica Inc. has a fifty-two week low of $194.33 and a fifty-two week high of $399.90. The firm’s 50 day moving average price is $310.83 and its 200 day moving average price is $335.55. The company has a market cap of $39.89 billion, a P/E ratio of 71.84, a PEG ratio of 4.20 and a beta of 1.22.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Monday, March 29th. The apparel retailer reported $2.58 EPS for the quarter, topping the consensus estimate of $2.49 by $0.09. Lululemon Athletica had a net margin of 13.69% and a return on equity of 28.89%. During the same quarter in the previous year, the firm posted $2.28 earnings per share. As a group, research analysts predict that Lululemon Athletica Inc. will post 4.57 earnings per share for the current year.
Several research analysts have commented on LULU shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lululemon Athletica from $396.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, March 31st. Smith Barney Citigroup increased their price objective on shares of Lululemon Athletica from $340.00 to $385.00 in a report on Friday, December 11th. TheStreet downgraded shares of Lululemon Athletica from a “b” rating to a “c+” rating in a report on Thursday, March 18th. MKM Partners decreased their target price on shares of Lululemon Athletica from $446.00 to $388.00 in a research report on Wednesday, March 31st. Finally, Barclays upped their target price on shares of Lululemon Athletica from $382.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, December 11th. They noted that the move was a valuation call. Eleven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $383.94.
Lululemon Athletica Profile
lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.
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