419 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by SVB Wealth LLC

SVB Wealth LLC purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 419 shares of the apparel retailer’s stock, valued at approximately $214,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sentry Investment Management LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at $270,000. Mackenzie Financial Corp boosted its holdings in shares of Lululemon Athletica by 41.3% in the 4th quarter. Mackenzie Financial Corp now owns 9,809 shares of the apparel retailer’s stock worth $5,015,000 after buying an additional 2,868 shares during the last quarter. Waldron Private Wealth LLC boosted its holdings in shares of Lululemon Athletica by 9.8% in the 4th quarter. Waldron Private Wealth LLC now owns 907 shares of the apparel retailer’s stock worth $463,000 after buying an additional 81 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Lululemon Athletica by 1.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 327,945 shares of the apparel retailer’s stock worth $167,675,000 after buying an additional 3,587 shares during the last quarter. Finally, Outlook Wealth Advisors LLC purchased a new position in shares of Lululemon Athletica in the 4th quarter worth about $731,000. Institutional investors own 85.20% of the company’s stock.

Insiders Place Their Bets

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

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $364.68 on Wednesday. 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 moving average price of $416.17 and a 200-day moving average price of $439.37. The company has a market capitalization of $45.95 billion, a PE ratio of 29.87, a PEG ratio of 1.25 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 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 company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period last year, the company earned $4.40 EPS. Lululemon Athletica’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on LULU shares. Wedbush dropped their price objective on shares of Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Robert W. Baird cut their target price on Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. Sanford C. Bernstein upped their target price on Lululemon Athletica from $400.00 to $430.00 and gave the stock a “market perform” rating in a research note on Thursday, January 4th. Citigroup dropped their price objective on Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $550.00 price objective on shares of Lululemon Athletica in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $483.61.

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.