Edgestream Partners L.P. Has $2.47 Million Position in lululemon athletica inc. (NASDAQ:LULU)

Edgestream Partners L.P. raised its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 146.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,715 shares of the apparel retailer's stock after acquiring an additional 5,176 shares during the period. Edgestream Partners L.P.'s holdings in lululemon athletica were worth $2,467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Cornerstone Planning Group LLC grew its holdings in lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after buying an additional 81 shares in the last quarter. Anderson Financial Strategies LLC bought a new stake in shares of lululemon athletica during the fourth quarter worth $30,000. Garde Capital Inc. bought a new stake in shares of lululemon athletica during the first quarter worth $35,000. MV Capital Management Inc. lifted its position in shares of lululemon athletica by 66.1% during the fourth quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 37 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of lululemon athletica by 154.9% during the first quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock worth $37,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LULU shares. CICC Research restated a "market perform" rating and issued a $280.49 price objective on shares of lululemon athletica in a report on Monday, June 9th. William Blair reissued an "outperform" rating on shares of lululemon athletica in a report on Thursday, April 3rd. JPMorgan Chase & Co. decreased their price target on lululemon athletica from $389.00 to $303.00 and set an "overweight" rating for the company in a report on Friday, June 6th. Raymond James Financial reissued a "market perform" rating and issued a $430.00 price target on shares of lululemon athletica in a report on Friday, March 28th. Finally, UBS Group reduced their target price on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, lululemon athletica has an average rating of "Moderate Buy" and a consensus price target of $340.26.

Insider Activity at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the sale, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company's stock.

lululemon athletica Trading Down 1.5%

Shares of LULU traded down $3.54 during mid-day trading on Friday, hitting $229.77. The company's stock had a trading volume of 2,549,354 shares, compared to its average volume of 2,373,318. lululemon athletica inc. has a 52-week low of $219.97 and a 52-week high of $423.32. The company's 50-day moving average is $269.27 and its 200-day moving average is $311.00. The firm has a market capitalization of $27.54 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.95 and a beta of 1.17.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting analysts' consensus estimates of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the firm posted $2.54 EPS. The company's revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal 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.