Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt raised its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,497 shares of the apparel retailer’s stock after acquiring an additional 126 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lululemon Athletica were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Rockline Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $1,503,000. Envestnet Asset Management Inc. increased its stake in shares of Lululemon Athletica by 30.3% in the third quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock valued at $73,248,000 after purchasing an additional 44,141 shares during the period. Blair William & Co. IL increased its stake in shares of Lululemon Athletica by 1.9% in the third quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock valued at $112,081,000 after purchasing an additional 5,403 shares during the period. HB Wealth Management LLC increased its stake in shares of Lululemon Athletica by 10.9% during the fourth quarter. HB Wealth Management LLC now owns 1,703 shares of the apparel retailer’s stock valued at $871,000 after acquiring an additional 168 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Lululemon Athletica by 42.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,710 shares of the apparel retailer’s stock valued at $1,386,000 after acquiring an additional 805 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 0.3 %

Shares of NASDAQ:LULU opened at $345.79 on Thursday. The firm has a fifty day moving average of $424.95 and a two-hundred day moving average of $439.26. The firm has a market capitalization of $43.57 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 1.20 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 released 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. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. Lululemon Athletica’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.40 EPS. Equities research analysts expect that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $550.00 price objective on shares of Lululemon Athletica in a research note on Friday, March 22nd. 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 research note on Friday, March 22nd. Sanford C. Bernstein raised their price objective on shares of Lululemon Athletica from $400.00 to $430.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. Jefferies Financial Group reduced their target price on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating for the company in a report on Thursday, April 4th. Finally, Evercore ISI reduced their target price on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $485.39.

Insider Activity

In other news, Director Martha A. M. Morfitt bought 700 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the acquisition, the director now directly owns 500 shares of the company’s stock, valued at approximately $194,645. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

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.