1,062 Shares in lululemon athletica inc. (NASDAQ:LULU) Purchased by New England Research & Management Inc.

New England Research & Management Inc. purchased a new position in lululemon athletica inc. (NASDAQ:LULU - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,062 shares of the apparel retailer's stock, valued at approximately $301,000.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC acquired a new stake in shares of lululemon athletica in the fourth quarter valued at about $429,000. Empowered Funds LLC grew its stake in lululemon athletica by 22.3% during the 4th quarter. Empowered Funds LLC now owns 2,123 shares of the apparel retailer's stock valued at $812,000 after purchasing an additional 387 shares in the last quarter. Focus Financial Network Inc. acquired a new position in shares of lululemon athletica in the 4th quarter valued at approximately $241,000. Van ECK Associates Corp boosted its stake in shares of lululemon athletica by 5.0% during the 4th quarter. Van ECK Associates Corp now owns 43,569 shares of the apparel retailer's stock valued at $16,661,000 after buying an additional 2,073 shares during the last quarter. Finally, Asset Planning Inc acquired a new stake in shares of lululemon athletica during the fourth quarter worth approximately $33,000. 85.20% of the stock is owned by institutional investors and hedge funds.

lululemon athletica Stock Performance

Shares of NASDAQ:LULU traded down $6.19 on Wednesday, hitting $229.02. The company's stock had a trading volume of 3,474,466 shares, compared to its average volume of 2,237,166. The company has a market capitalization of $27.45 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 2.22 and a beta of 1.26. lululemon athletica inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The stock's 50-day moving average is $283.86 and its two-hundred day moving average is $334.58.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting the consensus estimate of $2.60. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.54 earnings per share. Equities analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Needham & Company LLC reduced their price objective on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Stifel Nicolaus decreased their price target on lululemon athletica from $353.00 to $324.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Argus lowered lululemon athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. BTIG Research reduced their target price on lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of lululemon athletica in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $340.26.

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.