Benjamin F. Edwards & Company Inc. Purchases 1,671 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Benjamin F. Edwards & Company Inc. raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 736.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,898 shares of the apparel retailer’s stock after acquiring an additional 1,671 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Lululemon Athletica were worth $970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC grew its stake in Lululemon Athletica by 51,219.6% in the 4th quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock worth $351,868,000 after buying an additional 686,855 shares in the last quarter. Morgan Stanley grew its position in Lululemon Athletica by 29.2% in the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after acquiring an additional 437,069 shares in the last quarter. Schroder Investment Management Group raised its position in Lululemon Athletica by 20.0% during the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock valued at $719,198,000 after purchasing an additional 310,347 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Lululemon Athletica in the 3rd quarter worth about $71,483,000. Finally, Ameriprise Financial Inc. lifted its position in Lululemon Athletica by 34.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 668,087 shares of the apparel retailer’s stock worth $257,627,000 after buying an additional 171,227 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the 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 owns 500 shares of the company’s stock, valued at $194,645. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Lululemon Athletica Stock Down 0.1 %

LULU opened at $349.85 on Wednesday. The business has a fifty day moving average of $396.53 and a 200 day moving average of $437.09. Lululemon Athletica Inc. has a 52-week low of $326.93 and a 52-week high of $516.39. The stock has a market cap of $44.08 billion, a P/E ratio of 28.65, a PEG ratio of 1.25 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 EPS for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.40 EPS. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LULU has been the subject of several analyst reports. Guggenheim cut their price target on shares of Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Evercore ISI lowered their price target on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Sanford C. Bernstein decreased their price objective on shares of Lululemon Athletica from $430.00 to $384.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Stifel Nicolaus reiterated a “buy” rating and set a $539.00 target price (down from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Finally, Morgan Stanley reduced their price target on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average price target of $476.57.

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.