Parkside Financial Bank & Trust Acquires 44 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Parkside Financial Bank & Trust grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 788 shares of the apparel retailer’s stock after acquiring an additional 44 shares during the period. Parkside Financial Bank & Trust’s holdings in Lululemon Athletica were worth $403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. lifted its holdings 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 valued at $25,000 after buying an additional 42 shares during the period. Morton Brown Family Wealth LLC bought a new position in Lululemon Athletica in the 4th quarter worth $31,000. Milestone Investment Advisors LLC bought a new position in Lululemon Athletica in the 3rd quarter worth $27,000. Bogart Wealth LLC raised its holdings in Lululemon Athletica by 270.0% in 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 during the period. Finally, Farmers & Merchants Investments Inc. purchased a new stake in Lululemon Athletica in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

LULU has been the subject of a number of analyst reports. Evercore ISI cut their price target 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. KeyCorp decreased their price objective on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Piper Sandler decreased their price objective on shares of Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. BNP Paribas downgraded shares of Lululemon Athletica from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $430.00 to $415.00 in a research note on Friday, February 9th. Finally, Morgan Stanley decreased their price target on shares of Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $483.61.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by company insiders.

Lululemon Athletica Stock Down 0.0 %

LULU traded down $0.01 on Wednesday, reaching $364.67. The company had a trading volume of 318,676 shares, compared to its average volume of 1,770,682. 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 $45.95 billion, a PE ratio of 29.87, a P/E/G ratio of 1.28 and a beta of 1.30. The stock has a 50-day moving average price of $416.17 and a 200-day moving average price of $439.37.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. Lululemon Athletica’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.40 earnings per share. As a group, analysts expect that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

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.