Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by NewSquare Capital LLC

NewSquare Capital LLC grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,315 shares of the apparel retailer’s stock after purchasing an additional 240 shares during the quarter. NewSquare Capital LLC’s holdings in Lululemon Athletica were worth $4,251,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. grew its holdings in shares of Lululemon Athletica by 600.0% in 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 last quarter. Milestone Investment Advisors LLC acquired a new stake in Lululemon Athletica during the third quarter valued at $27,000. Bogart Wealth LLC boosted its position in Lululemon Athletica by 270.0% during the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth about $31,000. Finally, Farmers & Merchants Investments Inc. bought a new position in shares of Lululemon Athletica in the fourth quarter worth about $40,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Price Performance

LULU traded up $0.57 during trading on Wednesday, hitting $365.25. The stock had a trading volume of 745,458 shares, compared to its average volume of 1,776,072. The company has a 50 day moving average price of $416.17 and a 200-day moving average price of $439.37. The firm has a market cap of $46.03 billion, a price-to-earnings ratio of 29.87, a P/E/G ratio of 1.28 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.

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

Insider Buying and Selling at Lululemon Athletica

In related news, Director Martha A. M. Morfitt acquired 700 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now directly owns 500 shares of the company’s stock, valued at $194,645. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the topic of several research reports. Needham & Company LLC lowered their price target on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. JPMorgan Chase & Co. dropped their target price on shares of Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. KeyCorp dropped their target price on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $539.00 price target (down previously from $596.00) on shares of Lululemon Athletica in a research report on Friday, March 22nd. Finally, BMO Capital Markets boosted their price target on Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $483.61.

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.