Savvy Advisors Inc. Purchases Shares of 2,293 Lululemon Athletica Inc. (NASDAQ:LULU)

Savvy Advisors Inc. acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,293 shares of the apparel retailer's stock, valued at approximately $877,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LULU. Beacon Capital Management LLC lifted its stake in shares of Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after acquiring an additional 24 shares during the period. Edgestream Partners L.P. increased its position in shares of Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after buying an additional 25 shares during the period. SeaCrest Wealth Management LLC boosted its position in Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock valued at $389,000 after acquiring an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in Lululemon Athletica by 9.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after acquiring an additional 28 shares during the period. Finally, LGT Fund Management Co Ltd. boosted its position in shares of Lululemon Athletica by 3.3% during the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock valued at $356,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LULU. BMO Capital Markets dropped their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a research report on Friday, March 28th. Needham & Company LLC reduced their price objective on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Telsey Advisory Group dropped their target price on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. UBS Group dropped their price objective on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Finally, Citigroup set a $330.00 price target on shares of Lululemon Athletica and gave the company a "negative" rating in a research note on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and an average price target of $371.72.

Lululemon Athletica Trading Up 0.7 %

NASDAQ:LULU traded up $1.71 during mid-day trading on Friday, reaching $251.08. The company's stock had a trading volume of 1,600,547 shares, compared to its average volume of 2,229,637. The stock has a market cap of $30.29 billion, a P/E ratio of 18.13, a PEG ratio of 2.22 and a beta of 1.31. The firm's fifty day moving average price is $317.33 and its two-hundred day moving average price is $338.17. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the business earned $5.29 EPS. The company's quarterly revenue was up 12.3% compared to the same quarter last year. Analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share 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.