Lafayette Investments Inc. Grows Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Lafayette Investments Inc. lifted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 896 shares of the apparel retailer’s stock after buying an additional 41 shares during the period. Lafayette Investments Inc.’s holdings in Lululemon Athletica were worth $343,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Coldstream Capital Management Inc. purchased a new position in Lululemon Athletica during the third quarter worth $304,000. Westside Investment Management Inc. boosted its stake in shares of Lululemon Athletica by 900.0% during the 3rd quarter. Westside Investment Management Inc. now owns 300 shares of the apparel retailer’s stock worth $81,000 after purchasing an additional 270 shares during the period. Anchor Investment Management LLC raised its position in Lululemon Athletica by 17.4% in the 3rd quarter. Anchor Investment Management LLC now owns 4,582 shares of the apparel retailer’s stock worth $1,243,000 after purchasing an additional 680 shares during the period. Pine Valley Investments Ltd Liability Co lifted its stake in Lululemon Athletica by 964.2% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,058 shares of the apparel retailer’s stock worth $3,815,000 after purchasing an additional 12,737 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Lululemon Athletica during the third quarter valued at approximately $15,038,000. 85.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Stifel Nicolaus cut their price target on shares of Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Telsey Advisory Group decreased their price objective on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a report on Friday, March 28th. 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 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 investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $371.72.

Lululemon Athletica Trading Down 0.5 %

Shares of Lululemon Athletica stock opened at $259.76 on Tuesday. The firm’s 50 day simple moving average is $329.34 and its two-hundred day simple moving average is $339.62. The firm has a market capitalization of $31.34 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. 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 prior year, the firm earned $5.29 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 EPS 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.