Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by First Foundation Advisors

First Foundation Advisors lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,881 shares of the apparel retailer’s stock after acquiring an additional 1,680 shares during the period. First Foundation Advisors’ holdings in Lululemon Athletica were worth $6,073,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter valued at approximately $32,000. Sound Income Strategies LLC lifted its stake in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Finally, Asset Planning Inc acquired a new stake in Lululemon Athletica during the fourth quarter valued at approximately $33,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LULU has been the subject of several recent research reports. Barclays cut their target price on shares of Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. JPMorgan Chase & Co. cut their target price on shares of Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Morgan Stanley cut their price target on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, BTIG Research cut their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $375.45.

Lululemon Athletica Stock Down 6.1 %

NASDAQ LULU opened at $257.03 on Thursday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The company has a market capitalization of $31.01 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The firm’s 50 day moving average is $338.57 and its 200-day moving average is $339.30.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the company earned $5.29 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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.