Cornerstone Wealth Group LLC Acquires Shares of 18,443 lululemon athletica inc. (NASDAQ:LULU)

Cornerstone Wealth Group LLC acquired a new position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,443 shares of the apparel retailer's stock, valued at approximately $5,220,000.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in lululemon athletica in the 4th quarter valued at $429,000. D.A. Davidson & CO. boosted its position in shares of lululemon athletica by 7.9% during the 4th quarter. D.A. Davidson & CO. now owns 3,316 shares of the apparel retailer's stock valued at $1,268,000 after acquiring an additional 242 shares during the last quarter. Wealthspire Advisors LLC purchased a new position in shares of lululemon athletica during the fourth quarter worth about $216,000. Howard Capital Management Inc. increased its position in shares of lululemon athletica by 2.3% in the fourth quarter. Howard Capital Management Inc. now owns 2,492 shares of the apparel retailer's stock worth $953,000 after purchasing an additional 56 shares during the last quarter. Finally, World Equity Group Inc. purchased a new stake in lululemon athletica in the fourth quarter valued at approximately $329,000. Institutional investors own 85.20% of the company's stock.

lululemon athletica Stock Performance

Shares of lululemon athletica stock traded up $7.37 during midday trading on Tuesday, hitting $232.93. The company had a trading volume of 3,779,790 shares, compared to its average volume of 2,267,440. lululemon athletica inc. has a 52-week low of $219.97 and a 52-week high of $423.32. The company has a 50 day moving average of $281.04 and a 200 day moving average of $330.96. The stock has a market capitalization of $27.92 billion, a P/E ratio of 15.78, a P/E/G ratio of 2.09 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company posted $2.54 earnings per share. The company's quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

Analyst Ratings Changes

LULU has been the topic of a number of research analyst reports. Cfra Research raised shares of lululemon athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Argus cut lululemon athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Telsey Advisory Group reiterated an "outperform" rating and set a $385.00 price objective on shares of lululemon athletica in a research report on Monday, June 2nd. TD Securities boosted their target price on lululemon athletica from $370.00 to $373.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of lululemon athletica in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, lululemon athletica currently has an average rating of "Moderate Buy" and a consensus price target of $340.26.

lululemon athletica 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.