Charles Bergh Buys 6,090 Shares of lululemon athletica (NASDAQ:LULU) Stock

lululemon athletica inc. (NASDAQ:LULU) Director Charles Bergh purchased 6,090 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was bought at an average cost of $164.20 per share, for a total transaction of $999,978.00. Following the completion of the purchase, the director directly owned 6,090 shares in the company, valued at approximately $999,978. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

lululemon athletica Trading Up 1.0%

LULU stock traded up $1.56 during midday trading on Monday, hitting $164.38. The company had a trading volume of 2,605,365 shares, compared to its average volume of 2,778,148. The stock has a market cap of $19.28 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 4.96 and a beta of 1.00. lululemon athletica inc. has a 52 week low of $156.64 and a 52 week high of $348.50. The stock’s 50 day moving average price is $179.32 and its 200 day moving average price is $180.85.

lululemon athletica (NASDAQ:LULU) last issued its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.78 by $0.23. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the business earned $6.14 earnings per share. The business’s revenue was up .0% on a year-over-year basis. Analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Hedge Funds Weigh In On lululemon athletica

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Uniplan Investment Counsel Inc. purchased a new stake in shares of lululemon athletica in the 4th quarter worth about $26,000. Integrated Financial Solutions Inc. purchased a new position in lululemon athletica during the 4th quarter valued at about $26,000. GoalVest Advisory LLC bought a new stake in lululemon athletica during the fourth quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in lululemon athletica by 464.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 116 shares during the period. Finally, Elyxium Wealth LLC purchased a new stake in lululemon athletica in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LULU shares. Daiwa Securities Group raised their target price on lululemon athletica from $174.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 16th. Weiss Ratings raised lululemon athletica from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th. Bank of America cut their price objective on lululemon athletica from $220.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. BTIG Research decreased their target price on lululemon athletica from $250.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Finally, Robert W. Baird dropped their price target on lululemon athletica from $210.00 to $190.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $214.47.

About lululemon athletica

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.