Lululemon Athletica Inc. (NASDAQ:LULU) is Bender Robert & Associates’ 4th Largest Position

Bender Robert & Associates lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,011 shares of the apparel retailer’s stock after buying an additional 37 shares during the quarter. Lululemon Athletica comprises 7.3% of Bender Robert & Associates’ portfolio, making the stock its 4th biggest holding. Bender Robert & Associates’ holdings in Lululemon Athletica were worth $29,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rockline Wealth Management LLC purchased a new position in Lululemon Athletica during the 4th quarter valued at approximately $1,503,000. Envestnet Asset Management Inc. grew its holdings 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 in the last quarter. Blair William & Co. IL increased its position 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 purchasing an additional 5,403 shares during the last quarter. HB Wealth Management LLC raised its stake in 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 purchasing an additional 168 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in 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 purchasing an additional 805 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the topic of several recent research reports. KeyCorp decreased their target price on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Robert W. Baird raised their price objective on Lululemon Athletica from $520.00 to $555.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Citigroup cut their target price 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. Raymond James lifted their price objective on shares of Lululemon Athletica from $495.00 to $520.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. Finally, Jefferies Financial Group reduced their target price on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a research note on Thursday, April 4th. Two research 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’s stock. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $485.39.

Insider Buying and Selling

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 completion of the transaction, the director now directly owns 500 shares in the company, valued at $194,645. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

Lululemon Athletica Trading Up 0.8 %

Shares of NASDAQ LULU traded up $2.65 during midday trading on Thursday, reaching $347.51. The company had a trading volume of 2,177,013 shares, compared to its average volume of 1,773,073. Lululemon Athletica Inc. has a 1 year low of $326.93 and a 1 year high of $516.39. The business’s 50-day simple moving average is $424.95 and its 200 day simple moving average is $439.26. The stock has a market cap of $43.79 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.20 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. The company 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%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $4.40 EPS. Analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current 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.