Roman Butler Fullerton & Co. Invests $415,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Roman Butler Fullerton & Co. purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 868 shares of the apparel retailer’s stock, valued at approximately $415,000.

Other hedge funds have also modified their holdings of the company. Rockline Wealth Management LLC purchased a new position in Lululemon Athletica during the 4th quarter valued at about $1,503,000. Envestnet Asset Management Inc. boosted its holdings in Lululemon Athletica by 30.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock valued at $73,248,000 after acquiring an additional 44,141 shares during the period. Blair William & Co. IL boosted its holdings in Lululemon Athletica by 1.9% during the 3rd quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock valued at $112,081,000 after acquiring an additional 5,403 shares during the period. HB Wealth Management LLC boosted its holdings in Lululemon Athletica by 10.9% during the 4th 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 boosted its holdings in Lululemon Athletica by 42.3% during the 4th 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. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Up 0.8 %

Shares of LULU stock opened at $347.51 on Friday. The business’s 50 day moving average is $422.44 and its two-hundred day moving average is $438.62. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39. The company has a market capitalization of $43.79 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 1.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results 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. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same period last year, the business posted $4.40 EPS. The company’s revenue was up 15.6% on a year-over-year basis. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the subject of several recent research reports. TD Cowen decreased their price objective 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $550.00 price objective on shares of Lululemon Athletica in a research note on Friday, March 22nd. HSBC decreased their price objective on Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. Robert W. Baird lifted 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. Finally, Truist Financial decreased their price objective on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Two investment 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 stock. According to MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $485.39.

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.