lululemon athletica inc. (NASDAQ:LULU) Shares Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC raised its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 115.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200 shares of the apparel retailer’s stock after purchasing an additional 107 shares during the period. Golden State Wealth Management LLC’s holdings in lululemon athletica were worth $57,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Edgestream Partners L.P. boosted its stake in lululemon athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock valued at $1,353,000 after purchasing an additional 25 shares during the period. Dnca Finance boosted its stake in lululemon athletica by 15.1% during the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer’s stock valued at $76,000 after purchasing an additional 26 shares during the period. LGT Fund Management Co Ltd. boosted its stake in lululemon athletica by 3.3% during the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock valued at $356,000 after purchasing an additional 30 shares during the period. Aviance Capital Partners LLC boosted its stake in lululemon athletica by 0.5% during the 4th quarter. Aviance Capital Partners LLC now owns 5,836 shares of the apparel retailer’s stock valued at $2,232,000 after purchasing an additional 31 shares during the period. Finally, Lido Advisors LLC boosted its stake in lululemon athletica by 1.9% during the 4th quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer’s stock valued at $668,000 after purchasing an additional 32 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of analyst reports. BMO Capital Markets reduced their target price on shares of lululemon athletica from $302.00 to $250.00 and set a “market perform” rating for the company in a research note on Friday, June 6th. Barclays reduced their price target on shares of lululemon athletica from $276.00 to $270.00 and set an “equal weight” rating for the company in a research note on Monday, June 9th. Raymond James Financial reaffirmed a “market perform” rating and issued a $430.00 price target on shares of lululemon athletica in a research note on Friday, March 28th. TD Securities upped their price target on shares of lululemon athletica from $370.00 to $373.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Finally, Argus lowered shares of lululemon athletica from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, lululemon athletica has an average rating of “Moderate Buy” and an average target price of $340.26.

lululemon athletica Price Performance

LULU stock opened at $237.58 on Tuesday. lululemon athletica inc. has a 52-week low of $219.97 and a 52-week high of $423.32. The company’s 50 day simple moving average is $279.19 and its 200-day simple moving average is $325.27. The firm has a market capitalization of $28.47 billion, a P/E ratio of 16.10, a P/E/G ratio of 2.16 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the business earned $2.54 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. Sell-side analysts predict that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

lululemon athletica Company 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.