Eagle Strategies LLC Buys 227 Shares of lululemon athletica inc. (NASDAQ:LULU)

Eagle Strategies LLC increased its stake in lululemon athletica inc. (NASDAQ:LULU) by 7.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,105 shares of the apparel retailer’s stock after buying an additional 227 shares during the quarter. Eagle Strategies LLC’s holdings in lululemon athletica were worth $879,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Edgestream Partners L.P. lifted its position in lululemon athletica by 0.7% in the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after buying an additional 25 shares during the last quarter. Dnca Finance lifted its position in lululemon athletica by 15.1% in the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer’s stock worth $76,000 after buying an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of lululemon athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after purchasing an additional 28 shares during the last quarter. LGT Fund Management Co Ltd. lifted its position in shares of lululemon athletica by 3.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after purchasing an additional 30 shares during the last quarter. Finally, Aviance Capital Partners LLC lifted its position in shares of lululemon athletica by 0.5% during the fourth quarter. Aviance Capital Partners LLC now owns 5,836 shares of the apparel retailer’s stock worth $2,232,000 after purchasing an additional 31 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LULU has been the subject of several research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $385.00 target price on shares of lululemon athletica in a research report on Monday, June 2nd. BMO Capital Markets cut their price target on lululemon athletica from $302.00 to $250.00 and set a “market perform” rating on the stock in a research note on Friday, June 6th. Morgan Stanley restated an “equal weight” rating and set a $280.00 price target (down previously from $346.00) on shares of lululemon athletica in a research note on Monday, June 9th. Wells Fargo & Company restated an “equal weight” rating on shares of lululemon athletica in a research note on Friday, June 6th. Finally, Cfra Research upgraded lululemon athletica from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $340.26.

lululemon athletica Price Performance

Shares of NASDAQ:LULU opened at $227.47 on Monday. The business’s 50 day moving average price is $281.72 and its 200-day moving average price is $332.18. lululemon athletica inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The firm has a market capitalization of $27.26 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting the consensus estimate of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company earned $2.54 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect 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.