Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 25.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 818 shares of the apparel retailer’s stock after acquiring an additional 164 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Lululemon Athletica were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LULU. Vanguard Group Inc. lifted its holdings 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 valued at $2,824,150,000 after buying an additional 38,432 shares during the period. Morgan Stanley lifted its holdings in shares of Lululemon Athletica by 29.2% in the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after buying an additional 437,069 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Lululemon Athletica by 20.0% in the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock valued at $719,198,000 after buying an additional 310,347 shares during the period. American Century Companies Inc. lifted its holdings in shares of Lululemon Athletica by 11.1% in the third quarter. American Century Companies Inc. now owns 1,373,814 shares of the apparel retailer’s stock valued at $529,756,000 after buying an additional 137,454 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Lululemon Athletica by 4.1% in the third quarter. Wellington Management Group LLP now owns 1,339,078 shares of the apparel retailer’s stock valued at $516,362,000 after buying 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 0.0 %

Shares of NASDAQ:LULU opened at $299.74 on Friday. The business has a 50 day moving average price of $366.72 and a 200 day moving average price of $431.38. Lululemon Athletica Inc. has a twelve month low of $295.28 and a twelve month high of $516.39. The company has a market cap of $37.77 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 1.45 and a beta of 1.30.

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

Analyst Ratings Changes

LULU has been the topic of a number of recent analyst reports. Needham & Company LLC cut their target price on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. KeyCorp cut their target price 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. Jefferies Financial Group cut their target price on Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a research report on Thursday, April 4th. BMO Capital Markets boosted their target price 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. Finally, BNP Paribas lowered Lululemon Athletica from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $430.00 to $415.00 in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $465.48.

Insider Activity at Lululemon Athletica

In other news, Director Martha A. M. Morfitt purchased 700 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now directly owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.54% of the stock is owned by corporate insiders.

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.