Fuller & Thaler Asset Management Inc. Buys Shares of 1,320 Lululemon Athletica Inc. (NASDAQ:LULU)

Fuller & Thaler Asset Management Inc. acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,320 shares of the apparel retailer's stock, valued at approximately $505,000.

Several other hedge funds have also added to or reduced their stakes in LULU. TCTC Holdings LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter worth about $26,000. Kestra Investment Management LLC purchased a new position in Lululemon Athletica in the 4th quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Lululemon Athletica during the 4th quarter valued at $32,000. Sound Income Strategies LLC lifted its position in shares of Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after acquiring an additional 65 shares in the last quarter. Finally, Asset Planning Inc bought a new position in shares of Lululemon Athletica in the fourth quarter worth $33,000. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Down 0.8 %

Shares of NASDAQ LULU traded down $2.17 during trading on Thursday, reaching $268.60. The company had a trading volume of 1,213,621 shares, compared to its average volume of 2,155,136. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The business's 50-day moving average is $300.26 and its 200 day moving average is $337.91. The stock has a market cap of $32.40 billion, a PE ratio of 19.39, a P/E/G ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the firm posted $5.29 EPS. Lululemon Athletica's revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Argus cut Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. BTIG Research cut their price objective on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Oppenheimer upped their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Raymond James reissued a "market perform" rating and issued a $430.00 price target on shares of Lululemon Athletica in a report on Friday, March 28th. Finally, Needham & Company LLC lowered their price objective on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Lululemon Athletica has a consensus rating of "Moderate Buy" and an average target price of $369.86.

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.