Paragon Capital Management Inc. Invests $630,000 in lululemon athletica inc. (NASDAQ:LULU)

Paragon Capital Management Inc. acquired a new position in lululemon athletica inc. (NASDAQ:LULU - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,224 shares of the apparel retailer's stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LULU. Edgestream Partners L.P. increased its holdings in shares of lululemon athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after purchasing an additional 25 shares during the period. Dnca Finance grew its position in lululemon athletica by 15.1% during the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after buying an additional 26 shares in the last quarter. LGT Fund Management Co Ltd. grew its position in lululemon athletica by 3.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock worth $356,000 after buying an additional 30 shares in the last quarter. Aviance Capital Partners LLC increased its stake in lululemon athletica by 0.5% during the fourth quarter. Aviance Capital Partners LLC now owns 5,836 shares of the apparel retailer's stock valued at $2,232,000 after acquiring an additional 31 shares during the period. Finally, Lido Advisors LLC raised its holdings in lululemon athletica by 1.9% in the 4th quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer's stock valued at $668,000 after acquiring an additional 32 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

lululemon athletica Stock Up 0.0%

lululemon athletica stock opened at $231.58 on Friday. The company has a 50 day moving average of $279.84 and a 200-day moving average of $328.40. lululemon athletica inc. has a twelve month low of $219.97 and a twelve month high of $423.32. The stock has a market capitalization of $27.75 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 2.13 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its 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 net margin of 16.82% and a return on equity of 43.48%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business earned $2.54 EPS. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wells Fargo & Company reissued an "equal weight" rating on shares of lululemon athletica in a report on Friday, June 6th. Evercore ISI lifted their price target on shares of lululemon athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Argus lowered shares of lululemon athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. BMO Capital Markets reduced their price objective on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a report on Friday, June 6th. Finally, Bank of America lowered their target price on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $340.26.

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.

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