Hohimer Wealth Management LLC Takes Position in lululemon athletica inc. (NASDAQ:LULU)

Hohimer Wealth Management LLC acquired a new stake in lululemon athletica inc. (NASDAQ:LULU) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,866 shares of the apparel retailer’s stock, valued at approximately $528,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dnca Finance increased its position in lululemon athletica by 15.1% during the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer’s stock valued at $76,000 after purchasing an additional 26 shares during the period. Lido Advisors LLC increased its position in lululemon athletica by 1.9% during the 4th quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer’s stock valued at $668,000 after purchasing an additional 32 shares during the period. Belpointe Asset Management LLC increased its position in lululemon athletica by 0.6% during the 4th quarter. Belpointe Asset Management LLC now owns 6,138 shares of the apparel retailer’s stock valued at $2,347,000 after purchasing an additional 36 shares during the period. Colonial Trust Co SC increased its position in lululemon athletica by 2.1% during the 4th quarter. Colonial Trust Co SC now owns 1,737 shares of the apparel retailer’s stock valued at $664,000 after purchasing an additional 36 shares during the period. Finally, MV Capital Management Inc. increased its position in lululemon athletica by 66.1% during the 4th quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the sale, the chief executive officer directly owned 110,564 shares in the company, valued at $26,058,829.16. The trade was a 19.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Robert W. Baird reduced their price objective on shares of lululemon athletica from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, June 6th. Raymond James Financial reaffirmed a “market perform” rating and set a $430.00 price objective on shares of lululemon athletica in a research report on Friday, March 28th. Bank of America reduced their price objective on shares of lululemon athletica from $400.00 to $370.00 and set a “buy” rating for the company in a research report on Friday, June 6th. JPMorgan Chase & Co. reduced their price objective on shares of lululemon athletica from $389.00 to $303.00 and set an “overweight” rating for the company in a research report on Friday, June 6th. Finally, Evercore ISI raised their price objective on shares of lululemon athletica from $320.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $340.26.

lululemon athletica Price Performance

NASDAQ LULU opened at $228.89 on Tuesday. The stock has a market capitalization of $27.43 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 2.00 and a beta of 1.17. lululemon athletica inc. has a one year low of $219.97 and a one year high of $423.32. The business’s fifty day moving average is $273.22 and its 200-day moving average is $315.27.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting analysts’ consensus estimates of $2.60. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.54 EPS. Research 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.