Sowell Financial Services LLC Invests $805,000 in lululemon athletica inc. (NASDAQ:LULU)

Sowell Financial Services LLC purchased a new stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,842 shares of the apparel retailer's stock, valued at approximately $805,000.

Several other institutional investors have also added to or reduced their stakes in LULU. Azzad Asset Management Inc. ADV bought a new stake in shares of lululemon athletica during the 1st quarter valued at about $1,898,000. New England Research & Management Inc. bought a new stake in shares of lululemon athletica during the 1st quarter valued at about $301,000. Nutshell Asset Management Ltd bought a new stake in shares of lululemon athletica during the 4th quarter valued at about $956,000. Northwest & Ethical Investments L.P. bought a new stake in shares of lululemon athletica during the 4th quarter valued at about $17,775,000. Finally, Aigen Investment Management LP bought a new stake in shares of lululemon athletica during the 4th quarter valued at about $2,229,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of research reports. BTIG Research cut their target price on shares of lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Robert W. Baird cut their target price on shares of lululemon athletica from $350.00 to $340.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. Evercore ISI lifted their target price on shares of lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. BMO Capital Markets cut their target price on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a research note on Friday, June 6th. Finally, William Blair reissued an "outperform" rating on shares of lululemon athletica in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $340.26.

lululemon athletica Trading Down 0.5%

NASDAQ:LULU traded down $1.18 on Friday, reaching $227.47. 4,892,900 shares of the stock traded hands, compared to its average volume of 2,255,572. The company's fifty day simple moving average is $282.39 and its 200 day simple moving average is $333.12. lululemon athletica inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The company has a market capitalization of $27.26 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.10 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS 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 previous year, the business posted $2.54 earnings per share. The business's revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts anticipate that lululemon athletica inc. will post 14.36 EPS 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.