Lululemon Athletica Inc. (NASDAQ:LULU) Stock Holdings Raised by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 83.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 647 shares of the apparel retailer’s stock after purchasing an additional 295 shares during the period. Lindbrook Capital LLC’s holdings in Lululemon Athletica were worth $331,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Daymark Wealth Partners LLC raised its stake in shares of Lululemon Athletica by 3.8% in the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock worth $293,000 after buying an additional 21 shares in the last quarter. Simon Quick Advisors LLC grew its holdings in Lululemon Athletica by 1.9% during the fourth quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock worth $612,000 after acquiring an additional 22 shares during the period. Pinnacle Financial Partners Inc raised its position in Lululemon Athletica by 1.9% in the fourth quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock worth $646,000 after acquiring an additional 23 shares in the last quarter. Baker Avenue Asset Management LP lifted its holdings in Lululemon Athletica by 11.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock valued at $97,000 after acquiring an additional 25 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its position in shares of Lululemon Athletica by 3.3% during the 3rd quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer’s stock valued at $312,000 after purchasing an additional 26 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Up 1.4 %

Shares of LULU opened at $352.47 on Monday. Lululemon Athletica Inc. has a 12 month low of $326.93 and a 12 month high of $516.39. The company’s fifty day moving average is $420.09 and its 200-day moving average is $439.38. The firm has a market cap of $44.41 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the previous year, the firm earned $4.40 earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

LULU has been the subject of a number of research reports. Citigroup reduced their target price on shares of Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating for the company in a report on Friday, March 22nd. BMO Capital Markets lifted their target price on Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. TD Cowen reduced their target price on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Jefferies Financial Group dropped their price target on Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a research note on Thursday, April 4th. Finally, Sanford C. Bernstein upped their price objective on shares of Lululemon Athletica from $400.00 to $430.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $483.61.

Insider Activity

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

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.