Sage Mountain Advisors LLC Buys 96 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Sage Mountain Advisors LLC grew its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 11.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 905 shares of the apparel retailer’s stock after acquiring an additional 96 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Lululemon Athletica were worth $463,000 at the end of the most recent quarter.

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

Lululemon Athletica Stock Up 2.6 %

LULU opened at $361.79 on Tuesday. The stock has a market cap of $45.59 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 1.25 and a beta of 1.30. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39. The company’s 50-day moving average price is $418.00 and its two-hundred day moving average price is $439.39.

Lululemon Athletica (NASDAQ:LULU) last released its 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 firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the company earned $4.40 earnings per share. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Guggenheim decreased their price target on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $550.00 target price on shares of Lululemon Athletica in a research note on Friday, March 22nd. TD Cowen reduced their target price on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Evercore ISI reduced their target price on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Finally, HSBC reduced their target price on Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. Two equities research 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. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $483.61.

Insider Buying and Selling at Lululemon Athletica

In related news, Director Martha A. M. Morfitt bought 700 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost 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 $194,645. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.54% of the company’s stock.

About Lululemon Athletica

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.