Royal Fund Management LLC Has $2.07 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Royal Fund Management LLC increased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,046 shares of the apparel retailer’s stock after purchasing an additional 132 shares during the quarter. Royal Fund Management LLC’s holdings in Lululemon Athletica were worth $2,069,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LULU. HSBC dropped their price target on Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. Truist Financial reduced their target price on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Wells Fargo & Company reduced their target price on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Friday, March 22nd. Evercore ISI dropped their price objective on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Finally, Morgan Stanley dropped their price objective on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $476.57.

Insider Buying and Selling at Lululemon Athletica

In other news, Director Martha A. M. Morfitt bought 700 shares of the stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the purchase, the director now directly owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Lululemon Athletica Trading Up 1.2 %

Shares of NASDAQ:LULU traded up $4.35 during mid-day trading on Friday, hitting $355.15. 1,257,860 shares of the company traded hands, compared to its average volume of 1,878,894. The stock has a market cap of $44.75 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.25 and a beta of 1.30. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39. The stock has a 50-day moving average price of $401.25 and a two-hundred day moving average price of $437.35.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly 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 analyst estimates of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. Lululemon Athletica’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company posted $4.40 earnings per share. As a group, analysts expect that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

About Lululemon Athletica

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.