Perigon Wealth Management LLC Raises Holdings in lululemon athletica inc. (NASDAQ:LULU)

Perigon Wealth Management LLC raised its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 43.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 805 shares of the apparel retailer’s stock after purchasing an additional 244 shares during the quarter. Perigon Wealth Management LLC’s holdings in lululemon athletica were worth $228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Narwhal Capital Management raised its stake in lululemon athletica by 262.7% in the 1st quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer’s stock worth $5,315,000 after acquiring an additional 13,600 shares during the last quarter. Sawgrass Asset Management LLC purchased a new stake in shares of lululemon athletica in the 1st quarter valued at $9,209,000. Bender Robert & Associates boosted its holdings in lululemon athletica by 18.5% in the first quarter. Bender Robert & Associates now owns 44,961 shares of the apparel retailer’s stock valued at $12,727,000 after purchasing an additional 7,028 shares during the last quarter. Azzad Asset Management Inc. ADV purchased a new stake in lululemon athletica in the first quarter valued at $1,898,000. Finally, Boston Trust Walden Corp boosted its holdings in lululemon athletica by 3.8% in the first quarter. Boston Trust Walden Corp now owns 146,630 shares of the apparel retailer’s stock valued at $41,505,000 after purchasing an additional 5,363 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

lululemon athletica Stock Performance

Shares of LULU stock opened at $245.12 on Wednesday. The firm has a market cap of $29.38 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.18 and a beta of 1.18. The stock’s 50-day moving average is $278.86 and its two-hundred day moving average is $324.71. lululemon athletica inc. has a 1 year low of $219.97 and a 1 year high of $423.32.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the firm posted $2.54 EPS. lululemon athletica’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares of the company’s stock, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LULU shares. UBS Group lowered their target price on lululemon athletica from $330.00 to $290.00 and set a “neutral” rating on the stock in a research note on Friday, June 6th. KeyCorp lowered their price objective on lululemon athletica from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, June 6th. Argus lowered lululemon athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Telsey Advisory Group restated an “outperform” rating and issued a $385.00 price objective on shares of lululemon athletica in a research report on Monday, June 2nd. Finally, Evercore ISI increased their price target on shares of lululemon athletica from $320.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $340.26.

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.