Wealth Enhancement Advisory Services LLC Increases Stock Position in lululemon athletica inc. (NASDAQ:LULU)

Wealth Enhancement Advisory Services LLC lifted its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 22.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,953 shares of the apparel retailer's stock after purchasing an additional 1,855 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in lululemon athletica were worth $2,817,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Edgestream Partners L.P. boosted its stake in shares of lululemon athletica by 0.7% in the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after acquiring an additional 25 shares during the last quarter. Dnca Finance boosted its stake 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 during the last quarter. LGT Fund Management Co Ltd. boosted its stake 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 during the last quarter. Aviance Capital Partners LLC boosted 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 worth $2,232,000 after buying an additional 31 shares during the last quarter. Finally, Lido Advisors LLC boosted its stake in lululemon athletica by 1.9% during the fourth quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer's stock worth $668,000 after buying an additional 32 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica Price Performance

Shares of NASDAQ LULU opened at $235.02 on Friday. The stock's 50-day moving average is $279.51 and its two-hundred day moving average is $327.29. lululemon athletica inc. has a 1-year low of $219.97 and a 1-year high of $423.32. The company has a market cap of $28.17 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 2.13 and a beta of 1.26.

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 the consensus estimate of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the business earned $2.54 EPS. lululemon athletica's revenue was up 7.3% on a year-over-year basis. Equities research analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LULU shares. William Blair reissued an "outperform" rating on shares of lululemon athletica in a research note on Thursday, April 3rd. Citigroup reduced their target price on lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. Evercore ISI lifted their target price on lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Wells Fargo & Company restated an "equal weight" rating on shares of lululemon athletica in a research report on Friday, June 6th. Finally, KeyCorp reduced their target price on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, lululemon athletica presently has a consensus rating of "Moderate Buy" and a consensus target price 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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