Everpar Advisors LLC Purchases Shares of 623 Lululemon Athletica Inc. (NASDAQ:LULU)

Everpar Advisors LLC purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, Holdings Channel.com reports. The firm purchased 623 shares of the apparel retailer’s stock, valued at approximately $319,000.

Several other institutional investors have also added to or reduced their stakes in LULU. Daymark Wealth Partners LLC lifted its stake in shares of Lululemon Athletica by 3.8% during the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock worth $293,000 after acquiring an additional 21 shares during the last quarter. Simon Quick Advisors LLC boosted its position in shares of Lululemon Athletica by 1.9% in the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock worth $612,000 after purchasing an additional 22 shares in the last quarter. Pinnacle Financial Partners Inc grew its stake in shares of Lululemon Athletica by 1.9% during 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 during the last quarter. Baker Avenue Asset Management LP raised its holdings in shares of Lululemon Athletica by 11.1% in the third quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock worth $97,000 after buying an additional 25 shares during the last quarter. Finally, Herbst Group LLC increased its holdings in shares of Lululemon Athletica by 1.1% in the fourth quarter. Herbst Group LLC now owns 2,880 shares of the apparel retailer’s stock valued at $1,473,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

LULU has been the subject of a number of recent research reports. Barclays lowered Lululemon Athletica from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $546.00 to $395.00 in a research note on Monday, April 29th. BNP Paribas cut shares of Lululemon Athletica from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $430.00 to $415.00 in a research report on Friday, February 9th. Stifel Nicolaus restated a “buy” rating and issued a $539.00 price objective (down from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Raymond James lifted their price target on shares of Lululemon Athletica from $495.00 to $520.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. Finally, BMO Capital Markets lifted their target price on shares of Lululemon Athletica from $408.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $474.79.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of Lululemon Athletica stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now 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 is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Lululemon Athletica Stock Down 1.2 %

Lululemon Athletica stock traded down $4.24 during mid-day trading on Wednesday, reaching $345.61. The company had a trading volume of 1,352,566 shares, compared to its average volume of 1,740,204. Lululemon Athletica Inc. has a 52 week low of $326.93 and a 52 week high of $516.39. The company has a 50 day moving average of $396.53 and a 200-day moving average of $437.09. The firm has a market cap of $43.55 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.25 and a beta of 1.30.

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

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.