Brookstone Capital Management Has $289,000 Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Brookstone Capital Management lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 566 shares of the apparel retailer’s stock after selling 35 shares during the quarter. Brookstone Capital Management’s holdings in Lululemon Athletica were worth $289,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Lululemon Athletica by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,323,850 shares of the apparel retailer’s stock worth $2,824,150,000 after acquiring an additional 38,432 shares during the last quarter. State Street Corp raised its stake in shares of Lululemon Athletica by 0.7% during the 1st quarter. State Street Corp now owns 2,633,648 shares of the apparel retailer’s stock worth $959,144,000 after purchasing an additional 18,147 shares in the last quarter. Morgan Stanley raised its stake in shares of Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after purchasing an additional 437,069 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Lululemon Athletica by 20.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after purchasing an additional 310,347 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Lululemon Athletica by 3.2% during the 1st quarter. Geode Capital Management LLC now owns 1,659,260 shares of the apparel retailer’s stock worth $603,418,000 after purchasing an additional 51,572 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of LULU opened at $386.14 on Wednesday. Lululemon Athletica Inc. has a 52-week low of $310.41 and a 52-week high of $516.39. The business’s 50 day moving average price is $461.28 and its two-hundred day moving average price is $442.40. The firm has a market cap of $48.73 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 1.42 and a beta of 1.33.

Lululemon Athletica (NASDAQ:LULU) last issued 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. 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 analyst estimates of $3.19 billion. During the same period in the previous year, the firm earned $4.40 earnings per share. The company’s revenue was up 15.6% compared to the same quarter last year. Research analysts predict that Lululemon Athletica Inc. will post 14.19 EPS for the current fiscal year.

Lululemon Athletica declared that its Board of Directors has authorized a share repurchase program on Thursday, December 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the apparel retailer to purchase up to 1.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LULU. Morgan Stanley dropped their price objective on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Wedbush dropped their target price on Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Stifel Nicolaus reissued a “buy” rating and set a $539.00 target price (down previously from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Robert W. Baird lifted their target price on Lululemon Athletica from $520.00 to $555.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Finally, UBS Group lifted their target price on Lululemon Athletica from $429.00 to $470.00 and gave the stock a “neutral” rating in a report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $493.66.

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.