Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Bender Robert & Associates

Bender Robert & Associates increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,011 shares of the apparel retailer’s stock after purchasing an additional 37 shares during the quarter. Lululemon Athletica accounts for approximately 7.3% of Bender Robert & Associates’ investment portfolio, making the stock its 4th largest position. Bender Robert & Associates’ holdings in Lululemon Athletica were worth $29,149,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LULU. Valley National Advisers Inc. lifted its position in shares of Lululemon Athletica by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after buying an additional 42 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in Lululemon Athletica during the fourth quarter worth about $31,000. Milestone Investment Advisors LLC bought a new position in shares of Lululemon Athletica in the third quarter worth about $27,000. Bogart Wealth LLC boosted its stake in shares of Lululemon Athletica by 270.0% in the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $40,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lululemon Athletica

In other news, Director Martha A. M. Morfitt bought 700 shares of Lululemon Athletica stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the purchase, the director now directly owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LULU. TD Cowen decreased their target price on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Robert W. Baird upped their target price on Lululemon Athletica from $520.00 to $555.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Jefferies Financial Group cut their price target on Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a research note on Thursday, April 4th. Piper Sandler lowered their price objective on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Finally, Truist Financial dropped their price objective on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a report on Monday, March 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $485.39.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU traded up $2.65 during midday trading on Thursday, hitting $347.51. 2,177,013 shares of the company’s stock were exchanged, compared to its average volume of 1,773,073. Lululemon Athletica Inc. has a 12 month low of $326.93 and a 12 month high of $516.39. The company has a market cap of $43.79 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. The stock has a 50 day moving average price of $424.95 and a 200-day moving average price of $439.26.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the business earned $4.40 EPS. The company’s quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.15 EPS 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.