Crew Capital Management Ltd. Acquires New Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Crew Capital Management Ltd. acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,571 shares of the apparel retailer's stock, valued at approximately $1,315,000. Lululemon Athletica makes up 1.3% of Crew Capital Management Ltd.'s holdings, making the stock its 15th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Daymark Wealth Partners LLC raised its holdings in shares of Lululemon Athletica by 3.8% in the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer's stock valued at $293,000 after buying an additional 21 shares during the period. Simon Quick Advisors LLC raised its holdings in shares of Lululemon Athletica by 1.9% in the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer's stock valued at $612,000 after buying an additional 22 shares during the period. Pinnacle Financial Partners Inc raised its holdings in shares of Lululemon Athletica by 1.9% in the 4th quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer's stock valued at $646,000 after buying an additional 23 shares during the period. Baker Avenue Asset Management LP raised its holdings in shares of Lululemon Athletica by 11.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer's stock valued at $97,000 after buying an additional 25 shares during the period. Finally, Sage Mountain Advisors LLC raised its holdings in shares of Lululemon Athletica by 3.3% in the 3rd quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer's stock valued at $312,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 85.20% of the company's stock.

Insiders Place Their Bets

In related news, Director Martha A. M. Morfitt acquired 700 shares of the firm's stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost of $389.29 per share, with a total value of $272,503.00. Following the transaction, the director now owns 500 shares of the company's stock, valued at $194,645. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by insiders.

Lululemon Athletica Stock Down 0.2 %

NASDAQ:LULU traded down $0.74 during mid-day trading on Monday, reaching $363.96. 1,360,559 shares of the stock were exchanged, compared to its average volume of 1,767,994. The company has a 50 day simple moving average of $408.86 and a 200-day simple moving average of $439.09. The stock has a market capitalization of $45.86 billion, a P/E ratio of 29.81, a P/E/G ratio of 1.29 and a beta of 1.30. Lululemon Athletica Inc. has a 1 year low of $326.93 and a 1 year high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.00 by $0.29. The firm had revenue of $3.21 billion for 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%. The firm's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $4.40 EPS. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LULU shares. Guggenheim cut their price objective on Lululemon Athletica from $550.00 to $525.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Needham & Company LLC lowered their target price on Lululemon Athletica from $525.00 to $500.00 and set a "buy" rating for the company in a research note on Friday, March 22nd. Evercore ISI lowered their target price on Lululemon Athletica from $575.00 to $515.00 and set an "outperform" rating for the company in a research note on Friday, March 22nd. JPMorgan Chase & Co. lowered their target price on Lululemon Athletica from $531.00 to $509.00 and set an "overweight" rating for the company in a research note on Friday, March 22nd. Finally, Wells Fargo & Company lowered 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 equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $476.57.

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.