Columbia Trust Co 01012016 Increases Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Columbia Trust Co 01012016 increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,904 shares of the apparel retailer’s stock after purchasing an additional 217 shares during the period. Columbia Trust Co 01012016’s holdings in Lululemon Athletica were worth $973,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Jamison Private Wealth Management Inc. grew its position in shares of Lululemon Athletica by 3.4% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 2,349 shares of the apparel retailer’s stock valued at $1,201,000 after purchasing an additional 77 shares during the period. Artemis Investment Management LLP acquired a new position in Lululemon Athletica in the fourth quarter valued at $456,000. Simon Quick Advisors LLC boosted its holdings in Lululemon Athletica by 1.9% in the fourth 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 during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Lululemon Athletica by 22.7% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 1,097 shares of the apparel retailer’s stock valued at $561,000 after acquiring an additional 203 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Lululemon Athletica by 203.9% in the fourth quarter. Pacer Advisors Inc. now owns 15,233 shares of the apparel retailer’s stock valued at $7,788,000 after acquiring an additional 10,221 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LULU. Robert W. Baird lifted their target price on Lululemon Athletica from $520.00 to $555.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Jefferies Financial Group reiterated an “underperform” rating and issued a $300.00 target price on shares of Lululemon Athletica in a report on Friday. Telsey Advisory Group restated an “outperform” rating and set a $550.00 price objective on shares of Lululemon Athletica in a research note on Friday. Evercore boosted their price objective on Lululemon Athletica from $475.00 to $540.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 5th. Finally, Raymond James boosted their price objective on Lululemon Athletica from $495.00 to $520.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $493.66.

Lululemon Athletica Trading Down 0.7 %

Lululemon Athletica stock traded down $2.76 during midday trading on Tuesday, hitting $386.14. The stock had a trading volume of 2,879,461 shares, compared to its average volume of 1,658,811. The stock has a market cap of $48.73 billion, a P/E ratio of 31.62, a P/E/G ratio of 1.42 and a beta of 1.33. Lululemon Athletica Inc. has a 12 month low of $310.41 and a 12 month high of $516.39. The business has a fifty day moving average price of $461.28 and a 200 day moving average price of $442.40.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating the consensus estimate of $5.00 by $0.29. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. Lululemon Athletica’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. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.19 EPS for the current fiscal year.

Lululemon Athletica declared that its board has approved a stock buyback plan on Thursday, December 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the apparel retailer to purchase up to 1.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.