Lululemon Athletica Inc. (NASDAQ:LULU) is Crystal Rock Capital Management’s 9th Largest Position

Crystal Rock Capital Management trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,855 shares of the apparel retailer’s stock after selling 500 shares during the quarter. Lululemon Athletica accounts for approximately 4.0% of Crystal Rock Capital Management’s portfolio, making the stock its 9th biggest position. Crystal Rock Capital Management’s holdings in Lululemon Athletica were worth $6,061,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LULU. Rockline Wealth Management LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $1,503,000. Envestnet Asset Management Inc. boosted its stake in shares of Lululemon Athletica by 30.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock valued at $73,248,000 after buying an additional 44,141 shares during the period. Blair William & Co. IL lifted its stake in Lululemon Athletica by 1.9% in the third quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock worth $112,081,000 after acquiring an additional 5,403 shares during the last quarter. HB Wealth Management LLC grew its holdings in Lululemon Athletica by 10.9% during the 4th quarter. HB Wealth Management LLC now owns 1,703 shares of the apparel retailer’s stock worth $871,000 after acquiring an additional 168 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Lululemon Athletica by 42.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,710 shares of the apparel retailer’s stock worth $1,386,000 after acquiring an additional 805 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt acquired 700 shares of Lululemon Athletica stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the purchase, the director now directly owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LULU. Needham & Company LLC dropped their price objective on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Citigroup cut their price target on Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. JPMorgan Chase & Co. decreased their price objective on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Raymond James lifted their target price on shares of Lululemon Athletica from $495.00 to $520.00 and gave the company an “outperform” rating in a report on Wednesday, January 10th. Finally, BMO Capital Markets raised their price objective on shares of Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $476.57.

Lululemon Athletica Price Performance

NASDAQ:LULU traded down $6.20 on Wednesday, reaching $354.40. The stock had a trading volume of 1,327,435 shares, compared to its average volume of 1,760,554. The firm’s fifty day moving average is $407.18 and its two-hundred day moving average is $438.97. The company has a market cap of $44.66 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 1.29 and a beta of 1.30. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39.

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, topping analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the prior year, the company posted $4.40 EPS. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, research analysts forecast that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

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.