Fiduciary Trust Co Buys 252 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Fiduciary Trust Co boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,916 shares of the apparel retailer’s stock after acquiring an additional 252 shares during the period. Fiduciary Trust Co’s holdings in Lululemon Athletica were worth $2,262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of LULU. Principal Financial Group Inc. increased its holdings in shares of Lululemon Athletica by 61.2% in the third quarter. Principal Financial Group Inc. now owns 250,175 shares of the apparel retailer’s stock worth $67,885,000 after purchasing an additional 94,997 shares during the last quarter. Nordea Investment Management AB increased its stake in Lululemon Athletica by 3.3% in the 4th quarter. Nordea Investment Management AB now owns 9,034 shares of the apparel retailer’s stock worth $3,465,000 after acquiring an additional 287 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Lululemon Athletica by 1.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,436 shares of the apparel retailer’s stock worth $5,903,000 after acquiring an additional 159 shares in the last quarter. Graypoint LLC bought a new position in shares of Lululemon Athletica during the 4th quarter valued at approximately $221,000. Finally, Czech National Bank grew its holdings in shares of Lululemon Athletica by 4.5% in the fourth quarter. Czech National Bank now owns 24,491 shares of the apparel retailer’s stock valued at $9,366,000 after purchasing an additional 1,064 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LULU has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of Lululemon Athletica from $315.00 to $300.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. Bank of America lowered their price target on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 28th. UBS Group reduced their price objective on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. Morgan Stanley lowered their price objective on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Finally, William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $369.86.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $279.89 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The firm has a market capitalization of $33.77 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.22 and a beta of 1.30. The stock’s 50-day simple moving average is $288.50 and its 200-day simple moving average is $337.47.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the business posted $5.29 EPS. Lululemon Athletica’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current 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.