Pittenger & Anderson Inc. Has $949,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Pittenger & Anderson Inc. grew its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 210.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,856 shares of the apparel retailer’s stock after purchasing an additional 1,258 shares during the period. Pittenger & Anderson Inc.’s holdings in Lululemon Athletica were worth $949,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CWM LLC increased its holdings in Lululemon Athletica by 9.3% in the third quarter. CWM LLC now owns 1,349 shares of the apparel retailer’s stock valued at $520,000 after purchasing an additional 115 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Lululemon Athletica by 57.0% in the 3rd quarter. IFP Advisors Inc now owns 700 shares of the apparel retailer’s stock valued at $270,000 after acquiring an additional 254 shares during the last quarter. Impact Partnership Wealth LLC raised its position in shares of Lululemon Athletica by 954.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 116 shares of the apparel retailer’s stock valued at $45,000 after acquiring an additional 105 shares during the period. DAVENPORT & Co LLC boosted its stake in Lululemon Athletica by 11.1% during the 3rd quarter. DAVENPORT & Co LLC now owns 1,921 shares of the apparel retailer’s stock worth $741,000 after acquiring an additional 192 shares during the last quarter. Finally, Park Place Capital Corp grew its holdings in Lululemon Athletica by 53.2% during the third quarter. Park Place Capital Corp now owns 314 shares of the apparel retailer’s stock valued at $121,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Martha A. M. Morfitt acquired 700 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now directly owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the subject of several research analyst reports. Citigroup decreased their price target on shares of Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Needham & Company LLC lowered their price target on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Wells Fargo & Company lowered their price objective on shares of Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating for the company in a research report on Friday, March 22nd. JPMorgan Chase & Co. reduced their target price on shares of Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Finally, BMO Capital Markets lifted 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $483.61.

Lululemon Athletica Stock Down 1.3 %

Shares of LULU stock traded down $4.59 during trading on Thursday, reaching $360.00. 1,535,652 shares of the company’s stock were exchanged, compared to its average volume of 1,779,695. The firm’s fifty day moving average price is $414.25 and its 200-day moving average price is $438.85. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39. The stock has a market capitalization of $45.36 billion, a PE ratio of 29.65, a PEG ratio of 1.29 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates 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 was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm earned $4.40 earnings per share. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.15 EPS 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.