Xponance Inc. Purchases 10,110 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Xponance Inc. increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 62.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,249 shares of the apparel retailer's stock after acquiring an additional 10,110 shares during the period. Xponance Inc.'s holdings in Lululemon Athletica were worth $13,421,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LULU. Valley National Advisers Inc. raised its stake in shares of Lululemon Athletica by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer's stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Lululemon Athletica during the 3rd quarter worth about $27,000. Bogart Wealth LLC raised its stake in shares of Lululemon Athletica by 270.0% during the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $31,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $40,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded up $4.96 during midday trading on Friday, hitting $352.47. 2,466,578 shares of the company were exchanged, compared to its average volume of 1,782,229. The firm has a market cap of $44.41 billion, a P/E ratio of 28.69, a PEG ratio of 1.22 and a beta of 1.30. Lululemon Athletica Inc. has a 52 week low of $326.93 and a 52 week high of $516.39. The firm has a 50 day simple moving average of $422.44 and a 200-day simple moving average of $438.62.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted 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 business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. Lululemon Athletica's revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the company earned $4.40 EPS. Equities research analysts expect that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of the business's stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the transaction, the director now owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LULU shares. Morgan Stanley cut their price target on Lululemon Athletica from $539.00 to $490.00 and set an "overweight" rating for the company in a research note on Friday, March 22nd. Wedbush lowered their price objective on Lululemon Athletica from $548.00 to $492.00 and set an "outperform" rating on the stock in a report on Friday, March 22nd. Evercore ISI lowered their price objective on Lululemon Athletica from $575.00 to $515.00 and set an "outperform" rating on the stock in a report on Friday, March 22nd. JPMorgan Chase & Co. lowered their price objective on Lululemon Athletica from $531.00 to $509.00 and set an "overweight" rating on the stock in a report on Friday, March 22nd. Finally, Stifel Nicolaus reissued a "buy" rating and set a $539.00 price objective (down previously from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $483.61.

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.