Parkside Financial Bank & Trust Increases Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Parkside Financial Bank & Trust grew its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 788 shares of the apparel retailer’s stock after purchasing an additional 44 shares during the period. Parkside Financial Bank & Trust’s holdings in Lululemon Athletica were worth $403,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. boosted its position in Lululemon Athletica by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 42 shares during the period. Milestone Investment Advisors LLC bought a new position in Lululemon Athletica during the third quarter worth about $27,000. Bogart Wealth LLC boosted its position in Lululemon Athletica by 270.0% during the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 54 shares during the period. Morton Brown Family Wealth LLC bought a new position in Lululemon Athletica during the fourth quarter worth about $31,000. Finally, Farmers & Merchants Investments Inc. bought a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LULU. Wedbush cut their price objective on shares of Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. KeyCorp lowered their target price on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Needham & Company LLC lowered their target price on shares of Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Lululemon Athletica in a research note on Friday, March 22nd. Finally, Truist Financial lowered their target price on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $483.61.

Lululemon Athletica Trading Down 0.0 %

NASDAQ:LULU traded down $0.01 during mid-day trading on Wednesday, reaching $364.67. The company’s stock had a trading volume of 318,676 shares, compared to its average volume of 1,770,682. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39. The firm’s fifty day moving average price is $416.17 and its two-hundred day moving average price is $439.37. The stock has a market cap of $45.95 billion, a P/E ratio of 29.87, a PEG ratio of 1.28 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm earned $4.40 EPS. Lululemon Athletica’s revenue was up 15.6% on a year-over-year basis. Analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Insider Activity

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of Lululemon Athletica stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, with a total value of $272,503.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at $194,645. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.54% of the company’s stock.

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.