Pacific Heights Asset Management LLC Has $15.59 Million Stock Position in lululemon athletica inc. $LULU

Pacific Heights Asset Management LLC grew its position in lululemon athletica inc. (NASDAQ:LULU) by 15.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 75,000 shares of the apparel retailer’s stock after buying an additional 10,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in lululemon athletica were worth $15,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Chase Investment Counsel Corp grew its holdings in shares of lululemon athletica by 100.0% in the 4th quarter. Chase Investment Counsel Corp now owns 8,000 shares of the apparel retailer’s stock valued at $1,662,000 after buying an additional 4,000 shares during the period. North Dakota State Investment Board acquired a new position in shares of lululemon athletica in the 4th quarter valued at $749,000. Elyxium Wealth LLC acquired a new position in lululemon athletica in the 4th quarter worth $31,000. Canada Post Corp Registered Pension Plan boosted its stake in lululemon athletica by 31.7% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 2,410 shares of the apparel retailer’s stock worth $501,000 after purchasing an additional 580 shares during the period. Finally, Center for Financial Planning Inc. boosted its stake in lululemon athletica by 62.3% in the 4th quarter. Center for Financial Planning Inc. now owns 912 shares of the apparel retailer’s stock worth $190,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

lululemon athletica Price Performance

Shares of NASDAQ:LULU opened at $119.14 on Monday. The company’s 50-day moving average price is $152.48 and its two-hundred day moving average price is $174.49. lululemon athletica inc. has a one year low of $119.06 and a one year high of $340.25. The stock has a market capitalization of $14.38 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 3.66 and a beta of 0.90.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, topping the consensus estimate of $4.78 by $0.23. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the previous year, the firm posted $6.14 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts anticipate that lululemon athletica inc. will post 12.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other lululemon athletica news, CEO Andre Maestrini purchased 3,275 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were purchased at an average cost of $151.02 per share, with a total value of $494,590.50. Following the transaction, the chief executive officer directly owned 34,551 shares of the company’s stock, valued at $5,217,892.02. This represents a 10.47% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles V. Bergh purchased 6,090 shares of the business’s stock in a transaction on Friday, March 20th. The shares were acquired at an average cost of $164.20 per share, for a total transaction of $999,978.00. Following the completion of the transaction, the director directly owned 6,090 shares in the company, valued at approximately $999,978. This represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LULU. BNP Paribas Exane reduced their target price on shares of lululemon athletica from $206.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Weiss Ratings lowered shares of lululemon athletica from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 31st. BTIG Research reduced their target price on shares of lululemon athletica from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Truist Financial reduced their target price on shares of lululemon athletica from $200.00 to $170.00 and set a “hold” rating for the company in a research note on Wednesday, March 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of lululemon athletica from $196.00 to $173.00 in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twenty-eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, lululemon athletica has a consensus rating of “Hold” and a consensus price target of $203.80.

lululemon athletica Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.