Roman Butler Fullerton & Co. Invests $415,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Roman Butler Fullerton & Co. bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 868 shares of the apparel retailer’s stock, valued at approximately $415,000.

Other large investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. increased its position in Lululemon Athletica by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 42 shares during the period. Morton Brown Family Wealth LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $31,000. Milestone Investment Advisors LLC acquired a new stake in Lululemon Athletica in the 3rd quarter valued at approximately $27,000. Bogart Wealth LLC boosted its stake in Lululemon Athletica by 270.0% during the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new position in Lululemon Athletica during the 4th quarter valued at $40,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lululemon Athletica

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

Analyst Ratings Changes

A number of equities analysts have issued reports on LULU shares. BMO Capital Markets increased their price target on Lululemon Athletica from $408.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Truist Financial decreased their price target on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Sanford C. Bernstein increased their price target on Lululemon Athletica from $400.00 to $430.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. Jefferies Financial Group decreased their price target on Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating for the company in a research note on Thursday, April 4th. Finally, Barclays reduced their price objective on Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $485.39.

Lululemon Athletica Trading Up 0.8 %

Shares of NASDAQ:LULU opened at $347.51 on Friday. Lululemon Athletica Inc. has a 1 year low of $326.93 and a 1 year high of $516.39. The business has a fifty day simple moving average of $422.44 and a 200 day simple moving average of $438.62. The firm has a market cap of $43.79 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 1.22 and a beta of 1.30.

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

About Lululemon Athletica

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.