Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Martin Capital Advisors LLP

Martin Capital Advisors LLP lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,358 shares of the apparel retailer’s stock after acquiring an additional 46 shares during the quarter. Lululemon Athletica accounts for approximately 1.0% of Martin Capital Advisors LLP’s portfolio, making the stock its 29th largest holding. Martin Capital Advisors LLP’s holdings in Lululemon Athletica were worth $1,206,000 at the end of the most recent quarter.

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

Lululemon Athletica Price Performance

LULU traded up $4.96 during trading hours on Friday, hitting $352.47. 2,464,621 shares of the stock were exchanged, compared to its average volume of 1,782,204. The stock has a market cap of $44.41 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 1.22 and a beta of 1.30. The stock has a 50-day simple moving average of $422.44 and a 200-day simple moving average of $438.62. Lululemon Athletica Inc. has a 12 month low of $326.93 and a 12 month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period last year, the firm posted $4.40 EPS. Sell-side analysts expect that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LULU shares. Oppenheimer reissued an “outperform” rating and set a $445.00 price objective (down from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. Evercore ISI lowered their price target on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Morgan Stanley cut their target price on shares of Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. KeyCorp lowered their price target on Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Finally, BNP Paribas downgraded Lululemon Athletica from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $430.00 to $415.00 in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $483.61.

Insiders Place Their Bets

In other news, Director Martha A. M. Morfitt acquired 700 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the transaction, the director now directly owns 500 shares in the company, valued at approximately $194,645. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

Lululemon Athletica 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.