Everence Capital Management Inc. Acquires New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

Everence Capital Management Inc. bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,200 shares of the apparel retailer's stock, valued at approximately $1,636,000.

Several other large investors also recently bought and sold shares of LULU. Valley National Advisers Inc. boosted its holdings in shares of Lululemon Athletica by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer's stock valued at $25,000 after acquiring an additional 42 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $31,000. Milestone Investment Advisors LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $27,000. Bogart Wealth LLC lifted its stake in shares of Lululemon Athletica by 270.0% in the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 54 shares during the period. Finally, Farmers & Merchants Investments Inc. acquired a new position in Lululemon Athletica during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.54% of the company's stock.

Lululemon Athletica Stock Up 1.7 %

Shares of LULU traded up $5.88 during mid-day trading on Wednesday, hitting $344.86. The stock had a trading volume of 2,145,555 shares, compared to its average volume of 1,767,578. The company has a market cap of $43.46 billion, a PE ratio of 28.24, a PEG ratio of 1.18 and a beta of 1.30. The company's fifty day simple moving average is $427.21 and its two-hundred day simple moving average is $439.92. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business's revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.40 EPS. Equities analysts expect that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Analysts Set New Price Targets

LULU has been the subject of a number of recent research reports. BMO Capital Markets increased their target price on shares of Lululemon Athletica from $408.00 to $420.00 and gave the company a "market perform" rating in a research report on Friday, March 22nd. Raymond James lifted their target price on Lululemon Athletica from $495.00 to $520.00 and gave the company an "outperform" rating in a research report on Wednesday, January 10th. Truist Financial lowered their price objective on Lululemon Athletica from $561.00 to $498.00 and set a "buy" rating for the company in a research report on Monday, March 25th. KeyCorp lowered their price objective on Lululemon Athletica from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Friday, March 22nd. Finally, Wells Fargo & Company decreased their target price on Lululemon Athletica from $450.00 to $425.00 and set an "equal weight" rating for the company in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $485.39.

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.