HighPoint Advisor Group LLC Raises Position in Lululemon Athletica Inc. (NASDAQ:LULU)

HighPoint Advisor Group LLC lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 27.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,973 shares of the apparel retailer’s stock after buying an additional 419 shares during the period. HighPoint Advisor Group LLC’s holdings in Lululemon Athletica were worth $781,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. TCTC Holdings LLC purchased a new position in Lululemon Athletica during the 4th quarter worth $26,000. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica during the fourth quarter worth about $32,000. Sound Income Strategies LLC grew its position in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Finally, Asset Planning Inc purchased a new stake in Lululemon Athletica in the 4th quarter valued at about $33,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 1.2 %

LULU stock opened at $279.63 on Wednesday. The firm has a 50 day moving average of $360.96 and a 200-day moving average of $340.47. The firm has a market capitalization of $34.05 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the business earned $5.29 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Robert W. Baird upped their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Raymond James restated a “market perform” rating and issued a $430.00 price objective on shares of Lululemon Athletica in a research note on Friday, March 28th. KeyCorp lowered their target price on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. BMO Capital Markets reduced their price target on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a research report on Friday, March 28th. Finally, Barclays lowered their price objective on shares of Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $380.72.

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.