Beck Bode LLC Buys 326 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Beck Bode LLC raised its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,664 shares of the apparel retailer’s stock after purchasing an additional 326 shares during the period. Lululemon Athletica accounts for 2.7% of Beck Bode LLC’s portfolio, making the stock its 3rd largest holding. Beck Bode LLC’s holdings in Lululemon Athletica were worth $12,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its stake in shares of Lululemon Athletica by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Lululemon Athletica in the third quarter worth $27,000. Bogart Wealth LLC grew its stake in shares of Lululemon Athletica by 270.0% in the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 54 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in Lululemon Athletica in the fourth quarter worth $31,000. Finally, Farmers & Merchants Investments Inc. bought a new position in Lululemon Athletica in the fourth quarter worth $40,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. HSBC reduced their target price on Lululemon Athletica from $500.00 to $405.00 in a research report on Wednesday, April 10th. Robert W. Baird reduced their target price on Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Evercore ISI cut their price objective on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Finally, BMO Capital Markets lifted their price objective on Lululemon Athletica from $408.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $476.57.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt bought 700 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the transaction, the director now owns 500 shares of the company’s stock, valued at $194,645. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Lululemon Athletica Stock Down 0.9 %

LULU stock traded down $3.36 during midday trading on Tuesday, reaching $360.60. The stock had a trading volume of 1,591,707 shares, compared to its average volume of 1,765,860. The business has a fifty day simple moving average of $407.18 and a two-hundred day simple moving average of $438.97. The firm has a market cap of $45.44 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 1.29 and a beta of 1.30. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39.

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

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.