EFG Asset Management North America Corp. Purchases 2,712 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

EFG Asset Management North America Corp. raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 65.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,883 shares of the apparel retailer's stock after acquiring an additional 2,712 shares during the quarter. EFG Asset Management North America Corp.'s holdings in Lululemon Athletica were worth $3,520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC grew its stake 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 worth $293,000 after acquiring an additional 21 shares in the last quarter. Simon Quick Advisors LLC lifted its position in shares of Lululemon Athletica by 1.9% during the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer's stock worth $612,000 after buying an additional 22 shares in the last quarter. Pinnacle Financial Partners Inc lifted its position in shares of Lululemon Athletica by 1.9% during the 4th quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer's stock worth $646,000 after buying an additional 23 shares in the last quarter. Baker Avenue Asset Management LP grew its holdings in shares of Lululemon Athletica by 11.1% in the third quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer's stock valued at $97,000 after acquiring an additional 25 shares in the last quarter. Finally, Herbst Group LLC lifted its holdings in Lululemon Athletica by 1.1% during the fourth quarter. Herbst Group LLC now owns 2,880 shares of the apparel retailer's stock worth $1,473,000 after acquiring an additional 30 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the acquisition, the director now directly owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.54% of the company's stock.

Lululemon Athletica Stock Down 1.0 %

Shares of NASDAQ LULU traded down $3.33 during trading hours on Friday, reaching $334.95. 2,586,279 shares of the stock traded hands, compared to its average volume of 1,751,338. The company has a market capitalization of $42.21 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30. The company's 50-day simple moving average is $381.41 and its two-hundred day simple moving average is $434.21. Lululemon Athletica Inc. has a 52-week low of $326.93 and a 52-week high of $516.39.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Robert W. Baird decreased their target price on Lululemon Athletica from $555.00 to $505.00 and set an "outperform" rating for the company in a research report on Friday, April 19th. Morgan Stanley dropped their target price on shares of Lululemon Athletica from $539.00 to $490.00 and set an "overweight" rating on the stock in a research note on Friday, March 22nd. BMO Capital Markets raised their price target on shares of Lululemon Athletica from $408.00 to $420.00 and gave the stock a "market perform" rating in a research note on Friday, March 22nd. HSBC dropped their price objective on Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. Finally, Citigroup lowered their target price on Lululemon Athletica from $520.00 to $500.00 and set a "buy" rating on the stock in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $474.79.

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.

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