Corient Private Wealth LLC Raises Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Corient Private Wealth LLC boosted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 95.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,148 shares of the apparel retailer’s stock after buying an additional 34,188 shares during the quarter. Corient Private Wealth LLC owned approximately 0.06% of Lululemon Athletica worth $35,866,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. raised its stake 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 valued at $25,000 after acquiring an additional 42 shares during the last quarter. Milestone Investment Advisors LLC purchased a new stake in Lululemon Athletica in the 3rd quarter worth approximately $27,000. Morton Brown Family Wealth LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $31,000. Farmers & Merchants Investments Inc. purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $40,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 7.2 %

Shares of LULU stock opened at $299.63 on Thursday. Lululemon Athletica Inc. has a 12-month low of $295.74 and a 12-month high of $516.39. The stock has a market capitalization of $37.76 billion, a P/E ratio of 24.54, a P/E/G ratio of 1.45 and a beta of 1.30. The firm’s 50 day moving average is $370.12 and its 200 day moving average is $432.30.

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, topping analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The firm 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 for the quarter 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 year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on LULU shares. Wells Fargo & Company reduced their price objective on shares of 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. JPMorgan Chase & Co. decreased their price target on shares of Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Sanford C. Bernstein cut their price objective on Lululemon Athletica from $430.00 to $384.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Needham & Company LLC reduced their target price on Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, Oppenheimer restated an “outperform” rating and set a $445.00 price target (down from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $468.59.

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.