Fortis Capital Advisors LLC Buys 1,978 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Fortis Capital Advisors LLC increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 30.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,415 shares of the apparel retailer’s stock after acquiring an additional 1,978 shares during the quarter. Lululemon Athletica comprises approximately 2.3% of Fortis Capital Advisors LLC’s holdings, making the stock its 9th largest holding. Fortis Capital Advisors LLC’s holdings in Lululemon Athletica were worth $4,303,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Daymark Wealth Partners LLC lifted its position in Lululemon Athletica by 3.8% in the fourth quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock worth $293,000 after purchasing an additional 21 shares during the period. Simon Quick Advisors LLC boosted its position in shares of Lululemon Athletica by 1.9% during the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock valued at $612,000 after acquiring an additional 22 shares in the last quarter. Pinnacle Financial Partners Inc increased its stake 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 valued at $646,000 after acquiring an additional 23 shares during the period. Baker Avenue Asset Management LP raised its position in 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 purchasing an additional 25 shares in the last quarter. Finally, Herbst Group LLC lifted its stake in Lululemon Athletica by 1.1% during the fourth quarter. Herbst Group LLC now owns 2,880 shares of the apparel retailer’s stock worth $1,473,000 after purchasing an additional 30 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Martha A. M. Morfitt acquired 700 shares of the stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the purchase, the director now owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on LULU shares. Piper Sandler decreased their price objective on shares of Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $445.00 target price (down previously from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. Stifel Nicolaus reiterated a “buy” rating and set a $539.00 price objective (down previously from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. KeyCorp reduced their target price on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Finally, UBS Group decreased their price target on shares of Lululemon Athletica from $475.00 to $385.00 and set a “neutral” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $465.13.

Check Out Our Latest Stock Report on LULU

Lululemon Athletica Stock Up 1.1 %

Shares of Lululemon Athletica stock traded up $3.27 during trading on Friday, hitting $303.01. 2,284,014 shares of the stock traded hands, compared to its average volume of 2,217,502. The firm’s fifty day moving average is $363.48 and its 200-day moving average is $430.77. The stock has a market cap of $38.18 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 1.36 and a beta of 1.30. Lululemon Athletica Inc. has a 52 week low of $295.28 and a 52 week high of $516.39.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last released its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.40 EPS. On average, analysts forecast that Lululemon Athletica Inc. will post 14.11 earnings per share for the current fiscal year.

Lululemon Athletica Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.