Rockbridge Capital Management LLC Purchases Shares of 2,026 Lululemon Athletica Inc. (NASDAQ:LULU)

Rockbridge Capital Management LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,026 shares of the apparel retailer’s stock, valued at approximately $775,000. Lululemon Athletica accounts for approximately 0.4% of Rockbridge Capital Management LLC’s portfolio, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Czech National Bank boosted its position in shares of Lululemon Athletica by 4.5% in the fourth quarter. Czech National Bank now owns 24,491 shares of the apparel retailer’s stock worth $9,366,000 after buying an additional 1,064 shares during the period. Brookstone Capital Management lifted its position in Lululemon Athletica by 106.4% during the 4th quarter. Brookstone Capital Management now owns 2,014 shares of the apparel retailer’s stock worth $770,000 after acquiring an additional 1,038 shares in the last quarter. Claro Advisors LLC lifted its position in Lululemon Athletica by 5.6% during the 4th quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock worth $345,000 after acquiring an additional 48 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in Lululemon Athletica by 140.7% in the 4th quarter. Miracle Mile Advisors LLC now owns 3,755 shares of the apparel retailer’s stock worth $1,436,000 after acquiring an additional 2,195 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at approximately $280,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Telsey Advisory Group dropped their price target on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. BTIG Research decreased their price objective on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Robert W. Baird dropped their target price on Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Finally, JPMorgan Chase & Co. lowered their price objective on Lululemon Athletica from $391.00 to $389.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $368.72.

Lululemon Athletica Stock Up 1.7%

Shares of LULU stock opened at $315.84 on Thursday. The company has a market cap of $38.10 billion, a P/E ratio of 22.80, a PEG ratio of 2.22 and a beta of 1.30. The business has a 50 day moving average of $286.27 and a two-hundred day moving average of $337.40. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32.

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

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 offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.