Interchange Capital Partners LLC Makes New Investment in lululemon athletica inc. (NASDAQ:LULU)

Interchange Capital Partners LLC bought a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,159 shares of the apparel retailer's stock, valued at approximately $328,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC bought a new stake in lululemon athletica in the fourth quarter worth $429,000. Assetmark Inc. lifted its position in lululemon athletica by 2.0% in the fourth quarter. Assetmark Inc. now owns 1,651 shares of the apparel retailer's stock worth $631,000 after buying an additional 33 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in lululemon athletica in the fourth quarter worth $35,389,000. Raymond James Financial Inc. bought a new stake in lululemon athletica in the fourth quarter worth $44,318,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of lululemon athletica during the fourth quarter worth $823,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LULU. William Blair reiterated an "outperform" rating on shares of lululemon athletica in a research report on Thursday, April 3rd. Robert W. Baird decreased their target price on lululemon athletica from $350.00 to $340.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. UBS Group decreased their target price on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. JPMorgan Chase & Co. decreased their target price on 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, Morgan Stanley reiterated an "equal weight" rating and set a $280.00 target price (down from $346.00) on shares of lululemon athletica in a research report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, lululemon athletica presently has a consensus rating of "Moderate Buy" and an average price target of $340.26.

lululemon athletica Stock Performance

LULU traded up $0.97 on Tuesday, hitting $238.54. The company had a trading volume of 2,315,604 shares, compared to its average volume of 2,331,567. The stock has a fifty day moving average price of $276.98 and a 200-day moving average price of $320.51. lululemon athletica inc. has a 12-month low of $219.97 and a 12-month high of $423.32. The stock has a market capitalization of $28.59 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 2.10 and a beta of 1.17.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting analysts' consensus estimates of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm earned $2.54 earnings per share. The company's revenue was up 7.3% on a year-over-year basis. Analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company's stock.

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.