Xponance Inc. Acquires 10,110 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Xponance Inc. boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 62.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,249 shares of the apparel retailer’s stock after acquiring an additional 10,110 shares during the period. Xponance Inc.’s holdings in Lululemon Athletica were worth $13,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in LULU. Valley National Advisers Inc. lifted its holdings in shares of Lululemon Athletica by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Lululemon Athletica during the third quarter worth $27,000. Bogart Wealth LLC lifted its holdings in shares of Lululemon Athletica by 270.0% during the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after buying an additional 54 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $31,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $40,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity

In other news, Director Martha A. M. Morfitt acquired 700 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the acquisition, the director now directly owns 500 shares in the company, valued at approximately $194,645. The purchase 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their target price on Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Robert W. Baird decreased their price target on Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating on the stock in a research report on Friday. Oppenheimer restated an “outperform” rating and issued a $445.00 price target (down previously from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. Morgan Stanley decreased their price target on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Finally, Wells Fargo & Company decreased their price target on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Friday, March 22nd. 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $483.61.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded up $3.56 during midday trading on Friday, hitting $351.07. 231,162 shares of the stock traded hands, compared to its average volume of 1,752,396. The company has a market cap of $44.24 billion, a PE ratio of 28.46, a P/E/G ratio of 1.22 and a beta of 1.30. Lululemon Athletica Inc. has a one year low of $326.93 and a one year high of $516.39. The business has a 50 day moving average price of $422.44 and a two-hundred day moving average price of $438.62.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 EPS 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 the consensus estimate of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.40 earnings per share. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal 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.