Peterson Wealth Services Buys 1,604 Shares of lululemon athletica inc. (NASDAQ:LULU)

Peterson Wealth Services increased its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,648 shares of the apparel retailer's stock after purchasing an additional 1,604 shares during the quarter. Peterson Wealth Services' holdings in lululemon athletica were worth $2,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of lululemon athletica by 95.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after purchasing an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of lululemon athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of lululemon athletica by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after purchasing an additional 10,461 shares in the last quarter. Capital World Investors boosted its position in shares of lululemon athletica by 34.6% in the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after purchasing an additional 556,406 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of lululemon athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after purchasing an additional 421,890 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Insider Activity at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the 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 directly owned 110,564 shares of the company's stock, valued at $26,058,829.16. This represents a 19.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LULU shares. Telsey Advisory Group reiterated an "outperform" rating and set a $385.00 price objective on shares of lululemon athletica in a research note on Monday, June 2nd. CICC Research restated a "market perform" rating and issued a $280.49 price target on shares of lululemon athletica in a research note on Monday, June 9th. Bank of America cut their price target on lululemon athletica from $400.00 to $370.00 and set a "buy" rating for the company in a research note on Friday, June 6th. BTIG Research cut their price target on lululemon athletica from $420.00 to $405.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Finally, Jefferies Financial Group lowered their price objective on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $337.53.

lululemon athletica Price Performance

Shares of lululemon athletica stock traded up $0.72 on Tuesday, hitting $223.93. The company had a trading volume of 3,303,906 shares, compared to its average volume of 2,379,472. The business has a 50-day simple moving average of $269.27 and a 200-day simple moving average of $311.00. The company has a market cap of $26.84 billion, a PE ratio of 15.17, a PEG ratio of 1.95 and a beta of 1.17. lululemon athletica inc. has a 52 week low of $216.81 and a 52 week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting 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 firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.54 EPS. On average, equities research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

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.