3,027 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Marest Capital LLC

Marest Capital LLC acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,027 shares of the apparel retailer’s stock, valued at approximately $1,548,000. Lululemon Athletica accounts for approximately 1.6% of Marest Capital LLC’s portfolio, making the stock its 6th largest holding.

A number of other large investors have also modified their holdings of the company. Watershed Private Wealth LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth about $328,000. Lebenthal Global Advisors LLC acquired a new position in Lululemon Athletica during the 4th quarter valued at about $687,000. Smithfield Trust Co increased its stake in Lululemon Athletica by 142.9% during the 4th quarter. Smithfield Trust Co now owns 833 shares of the apparel retailer’s stock valued at $427,000 after buying an additional 490 shares during the period. Van Hulzen Asset Management LLC increased its stake in Lululemon Athletica by 913.5% during the 4th quarter. Van Hulzen Asset Management LLC now owns 5,777 shares of the apparel retailer’s stock valued at $2,954,000 after buying an additional 5,207 shares during the period. Finally, Principal Securities Inc. acquired a new position in Lululemon Athletica during the 4th quarter valued at about $1,464,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of the firm’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 transaction, the director now directly owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LULU. TD Cowen lowered their target price on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Citigroup lowered their target price on shares of Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Evercore ISI lowered their target price on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Barclays cut shares of Lululemon Athletica from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $546.00 to $395.00 in a research note on Monday, April 29th. Finally, Jefferies Financial Group lowered their price objective on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $474.79.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock traded up $0.01 on Friday, reaching $352.96. The stock had a trading volume of 1,390,923 shares, compared to its average volume of 1,756,889. The business’s 50-day moving average price is $389.77 and its two-hundred day moving average price is $435.53. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39. The stock has a market cap of $44.48 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 1.25 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, topping analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the previous year, the company earned $4.40 earnings per share. Lululemon Athletica’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal 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.