Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Capital City Trust Co. FL

Capital City Trust Co. FL boosted its position in Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,958 shares of the apparel retailer’s stock after purchasing an additional 418 shares during the quarter. Capital City Trust Co. FL’s holdings in Lululemon Athletica were worth $3,558,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MetLife Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the first quarter valued at approximately $2,696,000. Panagora Asset Management Inc. increased its stake in shares of Lululemon Athletica by 48.4% in the 1st quarter. Panagora Asset Management Inc. now owns 1,647 shares of the apparel retailer’s stock worth $602,000 after acquiring an additional 537 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of Lululemon Athletica by 2.5% during the 1st quarter. Yousif Capital Management LLC now owns 4,022 shares of the apparel retailer’s stock worth $1,469,000 after acquiring an additional 100 shares during the period. Raymond James Trust N.A. raised its holdings in shares of Lululemon Athletica by 6.5% during the 1st quarter. Raymond James Trust N.A. now owns 1,251 shares of the apparel retailer’s stock worth $457,000 after acquiring an additional 76 shares during the period. Finally, Prudential PLC acquired a new position in shares of Lululemon Athletica during the 1st quarter valued at about $774,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 0.3 %

Lululemon Athletica stock opened at $390.65 on Friday. The stock has a market cap of $49.23 billion, a P/E ratio of 31.99, a price-to-earnings-growth ratio of 1.38 and a beta of 1.33. The company has a fifty day simple moving average of $454.41 and a 200-day simple moving average of $441.55. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping the consensus estimate 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%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the company earned $4.40 EPS. As a group, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

Lululemon Athletica declared that its board has approved a stock repurchase program on Thursday, December 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the apparel retailer to buy up to 1.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of the business’s stock in a transaction that occurred 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 purchase, the director now directly owns 500 shares of the company’s stock, valued at $194,645. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on LULU. JPMorgan Chase & Co. cut their price objective on shares of Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Sanford C. Bernstein upped their price objective on Lululemon Athletica from $400.00 to $430.00 and gave the company a “market perform” rating in a report on Thursday, January 4th. BMO Capital Markets increased their price objective on Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Robert W. Baird lifted their target price on Lululemon Athletica from $520.00 to $555.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Finally, TD Cowen lowered their price target on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.29.

View Our Latest Stock Report on LULU

Lululemon Athletica Company Profile

(Free Report)

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

See Also

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

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.