78 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by Anderson Financial Strategies LLC

Anderson Financial Strategies LLC purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 78 shares of the apparel retailer’s stock, valued at approximately $30,000.

A number of other institutional investors have also modified their holdings of the company. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter worth $26,000. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth approximately $32,000. Sound Income Strategies LLC grew its position in Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Finally, Asset Planning Inc purchased a new position in shares of Lululemon Athletica in the fourth quarter worth $33,000. 85.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LULU shares. Wells Fargo & Company dropped their price target on Lululemon Athletica from $315.00 to $300.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Barclays decreased their price target on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating for the company in a report on Friday, March 28th. KeyCorp decreased their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Evercore ISI upped their price target on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Bank of America dropped their price objective on Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $369.86.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $277.36 on Friday. The stock has a fifty day moving average price of $296.48 and a 200 day moving average price of $337.71. The stock has a market cap of $33.46 billion, a PE ratio of 20.03, a P/E/G ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32.

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