100 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Highlander Capital Management LLC

Highlander Capital Management LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 100 shares of the apparel retailer’s stock, valued at approximately $37,000.

A number of other institutional investors have also added to or reduced their stakes in LULU. Benjamin Edwards Inc. grew its position in Lululemon Athletica by 192.0% in the 4th quarter. Benjamin Edwards Inc. now owns 73 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 48 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Lululemon Athletica during the 1st quarter valued at approximately $29,000. Cornerstone Advisory LLC bought a new position in shares of Lululemon Athletica during the 4th quarter valued at approximately $30,000. DeDora Capital Inc. bought a new position in shares of Lululemon Athletica during the 1st quarter valued at approximately $30,000. Finally, Destiny Wealth Partners LLC grew its position in shares of Lululemon Athletica by 641.7% during the 1st quarter. Destiny Wealth Partners LLC now owns 89 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 77 shares during the period. 85.48% of the stock is owned by institutional investors.

Lululemon Athletica Stock Up 0.4 %

Shares of Lululemon Athletica stock opened at $317.80 on Friday. The firm has a market cap of $40.56 billion, a PE ratio of 40.38, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. Lululemon Athletica Inc. has a 12-month low of $251.51 and a 12-month high of $485.83. The company’s fifty day simple moving average is $291.10 and its two-hundred day simple moving average is $315.09.

Lululemon Athletica (NASDAQ:LULUGet Rating) last announced its quarterly earnings results on Thursday, June 2nd. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. Lululemon Athletica had a net margin of 15.36% and a return on equity of 39.23%. The company’s revenue was up 31.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 9.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. B. Riley reduced their target price on shares of Lululemon Athletica from $440.00 to $377.00 and set a “buy” rating for the company in a research report on Friday, June 3rd. Morgan Stanley raised their price objective on shares of Lululemon Athletica from $303.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, June 16th. Stifel Nicolaus cut their price objective on shares of Lululemon Athletica from $500.00 to $381.00 in a report on Wednesday, July 20th. Wedbush assumed coverage on shares of Lululemon Athletica in a report on Thursday, April 28th. They issued an “outperform” rating and a $430.00 price objective for the company. Finally, Wells Fargo & Company cut their price objective on shares of Lululemon Athletica from $370.00 to $345.00 and set an “equal weight” rating for the company in a report on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus target price of $402.61.

Insider Activity

In related news, Director Kourtney Gibson bought 200 shares of the business’s stock in a transaction dated Wednesday, June 15th. The shares were purchased at an average price of $280.12 per share, with a total value of $56,024.00. Following the purchase, the director now owns 1,302 shares of the company’s stock, valued at approximately $364,716.24. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

Lululemon Athletica Profile

(Get Rating)

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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