1,632 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,632 shares of the apparel retailer’s stock, valued at approximately $638,000.

Other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. increased its holdings in shares of Lululemon Athletica by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. Tidemark LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at $26,000. Morton Brown Family Wealth LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth about $31,000. Finally, Richardson Financial Services Inc. purchased a new position in Lululemon Athletica during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LULU shares. BTIG Research initiated coverage on Lululemon Athletica in a research report on Wednesday, May 8th. They set a “buy” rating and a $425.00 target price on the stock. Morgan Stanley lowered their price objective on Lululemon Athletica from $490.00 to $404.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. TD Securities decreased their target price on Lululemon Athletica from $515.00 to $437.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Evercore ISI dropped their price target on Lululemon Athletica from $515.00 to $400.00 in a research report on Wednesday, June 5th. Finally, TD Cowen lifted their target price on shares of Lululemon Athletica from $437.00 to $447.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $431.29.

Lululemon Athletica Stock Performance

NASDAQ LULU traded down $0.60 during trading hours on Tuesday, reaching $284.40. The company’s stock had a trading volume of 853,974 shares, compared to its average volume of 2,027,136. The stock has a market cap of $35.55 billion, a PE ratio of 22.94, a PEG ratio of 1.39 and a beta of 1.26. The company’s 50-day moving average is $306.55 and its two-hundred day moving average is $382.90. Lululemon Athletica Inc. has a fifty-two week low of $279.16 and a fifty-two week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Wednesday, June 5th. The apparel retailer reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.16. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.20 billion. Lululemon Athletica had a return on equity of 42.64% and a net margin of 16.09%. Lululemon Athletica’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.28 earnings per share. Equities analysts expect that Lululemon Athletica Inc. will post 14.29 earnings per share for the current fiscal year.

Lululemon Athletica announced that its board has initiated a share repurchase plan on Wednesday, June 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the apparel retailer to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.