Rockbridge Capital Management LLC Acquires New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

Rockbridge Capital Management LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,026 shares of the apparel retailer's stock, valued at approximately $775,000. Lululemon Athletica comprises about 0.4% of Rockbridge Capital Management LLC's investment portfolio, making the stock its 18th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of LULU. TCTC Holdings LLC acquired a new position in Lululemon Athletica in the 4th quarter worth approximately $26,000. Anderson Financial Strategies LLC acquired a new position in Lululemon Athletica in the 4th quarter worth approximately $30,000. Kestra Investment Management LLC acquired a new position in Lululemon Athletica in the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica in the 4th quarter worth approximately $32,000. Finally, Sound Income Strategies LLC increased its holdings in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after buying an additional 65 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

NASDAQ:LULU traded up $2.26 during mid-day trading on Monday, reaching $323.70. The company's stock had a trading volume of 1,700,913 shares, compared to its average volume of 2,220,626. The company's fifty day simple moving average is $286.02 and its two-hundred day simple moving average is $338.11. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The stock has a market cap of $39.05 billion, a P/E ratio of 23.37, a P/E/G ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company's revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $5.29 EPS. Sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Ratings Changes

LULU has been the topic of several research reports. Bank of America cut their price target on shares of Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating on the stock in a report on Friday, March 28th. KeyCorp dropped their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. BMO Capital Markets dropped their price objective on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a research note on Friday, March 28th. Barclays dropped their price objective on shares of Lululemon Athletica from $309.00 to $276.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Finally, Telsey Advisory Group dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $368.72.

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.