Fuller & Thaler Asset Management Inc. Invests $505,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,320 shares of the apparel retailer's stock, valued at approximately $505,000.

A number of other institutional investors have also added to or reduced their stakes in LULU. Beacon Capital Management LLC increased its holdings in shares of Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after buying an additional 24 shares in the last quarter. Edgestream Partners L.P. raised its position in Lululemon Athletica by 0.7% in the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after purchasing an additional 25 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock valued at $389,000 after purchasing an additional 26 shares during the last quarter. Dnca Finance boosted its stake in shares of Lululemon Athletica by 15.1% during the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock valued at $76,000 after purchasing an additional 26 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after purchasing an additional 28 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Down 1.0 %

NASDAQ LULU opened at $267.90 on Friday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The business has a 50 day moving average price of $305.90 and a 200-day moving average price of $338.46. The company has a market cap of $32.32 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business's revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.29 earnings per share. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on LULU. Stifel Nicolaus cut their target price on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Citigroup set a $330.00 price target on shares of Lululemon Athletica and gave the stock a "negative" rating in a report on Friday, March 28th. Oppenheimer increased their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Raymond James reaffirmed a "market perform" rating and set a $430.00 target price on shares of Lululemon Athletica in a report on Friday, March 28th. Finally, Robert W. Baird decreased their price target on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $372.28.

Lululemon Athletica 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.

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