Diligent Investors LLC Invests $280,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Diligent Investors LLC purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 732 shares of the apparel retailer’s stock, valued at approximately $280,000.

Several other large investors have also recently added to or reduced their stakes in LULU. Colonial Trust Co SC raised its stake in shares of Lululemon Athletica by 2.1% during the 4th quarter. Colonial Trust Co SC now owns 1,737 shares of the apparel retailer’s stock worth $664,000 after buying an additional 36 shares in the last quarter. CoreCap Advisors LLC raised its position in Lululemon Athletica by 43.5% in the fourth quarter. CoreCap Advisors LLC now owns 254 shares of the apparel retailer’s stock worth $97,000 after acquiring an additional 77 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth $1,710,000. Bridgefront Capital LLC increased its holdings in shares of Lululemon Athletica by 45.4% in the 4th quarter. Bridgefront Capital LLC now owns 3,588 shares of the apparel retailer’s stock valued at $1,372,000 after purchasing an additional 1,121 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of Lululemon Athletica by 3.0% in the fourth quarter. Baird Financial Group Inc. now owns 58,779 shares of the apparel retailer’s stock valued at $22,478,000 after purchasing an additional 1,688 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of research reports. Barclays reduced their price target on shares of Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. KeyCorp lowered their price target on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. BMO Capital Markets cut their price objective on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a research report on Friday, March 28th. Stifel Nicolaus lowered their target price on Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, BTIG Research dropped their price target on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.86.

Lululemon Athletica Stock Up 1.8 %

Shares of LULU stock opened at $275.71 on Thursday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The firm’s 50 day moving average price is $291.11 and its two-hundred day moving average price is $337.40. The stock has a market cap of $33.26 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. The firm had revenue of $3.60 billion during 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. On average, equities analysts forecast 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.