8,600 Shares in lululemon athletica inc. $LULU Bought by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd bought a new position in shares of lululemon athletica inc. (NASDAQ:LULUFree Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 8,600 shares of the apparel retailer’s stock, valued at approximately $1,787,000.

Several other large investors have also bought and sold shares of LULU. Brighton Jones LLC bought a new position in lululemon athletica during the 4th quarter worth $429,000. NewEdge Advisors LLC raised its position in lululemon athletica by 5.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,848 shares of the apparel retailer’s stock worth $1,089,000 after purchasing an additional 186 shares during the last quarter. Glenview Trust co raised its position in lululemon athletica by 39.9% during the 2nd quarter. Glenview Trust co now owns 996 shares of the apparel retailer’s stock worth $237,000 after purchasing an additional 284 shares during the last quarter. Diversify Advisory Services LLC bought a new position in lululemon athletica during the 2nd quarter worth $508,000. Finally, Raymond James Financial Inc. raised its position in lululemon athletica by 10.7% during the 2nd quarter. Raymond James Financial Inc. now owns 112,632 shares of the apparel retailer’s stock worth $26,759,000 after purchasing an additional 10,891 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Insider Activity

In other lululemon athletica news, CEO Andre Maestrini purchased 3,275 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were acquired at an average price of $151.02 per share, with a total value of $494,590.50. Following the transaction, the chief executive officer owned 34,551 shares in the company, valued at $5,217,892.02. The trade was a 10.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles V. Bergh purchased 6,090 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average cost of $164.20 per share, for a total transaction of $999,978.00. Following the transaction, the director owned 6,090 shares in the company, valued at $999,978. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. The Goldman Sachs Group lowered their target price on lululemon athletica from $200.00 to $184.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Telsey Advisory Group decreased their price target on lululemon athletica from $215.00 to $175.00 and set a “market perform” rating for the company in a report on Wednesday, March 18th. BTIG Research decreased their price target on lululemon athletica from $250.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Robert W. Baird decreased their price target on lululemon athletica from $190.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Finally, Wells Fargo & Company decreased their price target on lululemon athletica from $175.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twenty-eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $201.66.

Read Our Latest Analysis on lululemon athletica

lululemon athletica Trading Up 0.3%

Shares of lululemon athletica stock opened at $127.18 on Friday. The business has a 50-day moving average price of $148.01 and a two-hundred day moving average price of $172.78. lululemon athletica inc. has a 1-year low of $116.63 and a 1-year high of $340.25. The company has a market cap of $15.35 billion, a P/E ratio of 9.56, a PEG ratio of 3.91 and a beta of 0.90.

lululemon athletica (NASDAQ:LULUGet Free Report) last issued its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share for the quarter, topping analysts’ consensus estimates of $4.78 by $0.23. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The business’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $6.14 EPS. Equities research analysts forecast that lululemon athletica inc. will post 12.26 EPS for the current fiscal year.

lululemon athletica News Summary

Here are the key news stories impacting lululemon athletica this week:

lululemon athletica Profile

(Free Report)

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for lululemon athletica inc. (NASDAQ:LULUFree Report).

Institutional Ownership by Quarter for lululemon athletica (NASDAQ:LULU)

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