Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Bank OZK

Bank OZK increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 3,568 shares of the apparel retailer’s stock after acquiring an additional 60 shares during the quarter. Bank OZK’s holdings in Lululemon Athletica were worth $1,824,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Lululemon Athletica by 0.5% in the third quarter. Vanguard Group Inc. now owns 7,323,850 shares of the apparel retailer’s stock worth $2,824,150,000 after acquiring an additional 38,432 shares in the last quarter. Morgan Stanley raised its position in shares of Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after purchasing an additional 437,069 shares during the period. Schroder Investment Management Group raised its position in shares of Lululemon Athletica by 20.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after purchasing an additional 310,347 shares during the period. American Century Companies Inc. raised its position in shares of Lululemon Athletica by 11.1% during the 3rd quarter. American Century Companies Inc. now owns 1,373,814 shares of the apparel retailer’s stock worth $529,756,000 after purchasing an additional 137,454 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Lululemon Athletica by 4.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,339,078 shares of the apparel retailer’s stock worth $516,362,000 after purchasing an additional 52,348 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 1.3 %

Shares of LULU traded up $4.70 during mid-day trading on Friday, reaching $364.70. The company’s stock had a trading volume of 1,234,535 shares, compared to its average volume of 2,023,414. The business has a fifty day moving average of $410.57 and a 200 day moving average of $438.25. The company has a market cap of $45.96 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.27 and a beta of 1.30. Lululemon Athletica Inc. has a 1 year low of $326.93 and a 1 year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.40 earnings per share. On average, analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Martha A. M. Morfitt acquired 700 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the acquisition, the director now owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LULU. KeyCorp dropped their price target on Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Guggenheim decreased their price objective on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Morgan Stanley decreased their price objective on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Robert W. Baird decreased their price objective on Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Finally, Jefferies Financial Group decreased their price objective on Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating for the company in a report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $481.96.

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.