Van Hulzen Asset Management LLC Increases Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Van Hulzen Asset Management LLC raised its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 913.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,777 shares of the apparel retailer's stock after buying an additional 5,207 shares during the period. Van Hulzen Asset Management LLC's holdings in Lululemon Athletica were worth $2,954,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LULU. Principal Securities Inc. purchased a new position in Lululemon Athletica during the 4th quarter valued at about $1,464,000. Montag A & Associates Inc. grew its stake in shares of Lululemon Athletica by 4.2% in the fourth quarter. Montag A & Associates Inc. now owns 1,647 shares of the apparel retailer's stock worth $842,000 after acquiring an additional 67 shares during the period. CenterStar Asset Management LLC bought a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $787,000. Van Leeuwen & Company LLC bought a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $242,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new stake in Lululemon Athletica during the fourth quarter valued at approximately $306,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Up 0.0 %

NASDAQ LULU traded up $0.01 during trading hours on Friday, reaching $352.96. 1,388,857 shares of the company were exchanged, compared to its average volume of 1,833,279. Lululemon Athletica Inc. has a 1 year low of $326.93 and a 1 year high of $516.39. The stock has a market capitalization of $44.48 billion, a P/E ratio of 28.91, a P/E/G ratio of 1.24 and a beta of 1.30. The business's 50 day simple moving average is $391.88 and its 200-day simple moving average is $435.88.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data 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. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the previous year, the firm posted $4.40 EPS. The firm's revenue was up 15.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on LULU. Robert W. Baird lowered their price target on shares of Lululemon Athletica from $555.00 to $505.00 and set an "outperform" rating on the stock in a report on Friday, April 19th. Morgan Stanley reduced their price target on shares of Lululemon Athletica from $539.00 to $490.00 and set an "overweight" rating on the stock in a research report on Friday, March 22nd. Truist Financial decreased their price objective on Lululemon Athletica from $561.00 to $498.00 and set a "buy" rating on the stock in a research report on Monday, March 25th. JPMorgan Chase & Co. decreased their price target 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, KeyCorp lowered their target price on shares of Lululemon Athletica from $570.00 to $515.00 and set an "overweight" rating for the company in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $474.79.

Insider Transactions at Lululemon Athletica

In other news, Director Martha A. M. Morfitt bought 700 shares of the company's stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the purchase, 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 Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.