Martin Capital Advisors LLP Buys 46 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Martin Capital Advisors LLP boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,358 shares of the apparel retailer’s stock after acquiring an additional 46 shares during the period. Lululemon Athletica comprises 1.0% of Martin Capital Advisors LLP’s investment portfolio, making the stock its 29th largest position. Martin Capital Advisors LLP’s holdings in Lululemon Athletica were worth $1,206,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised its position 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 worth $25,000 after acquiring an additional 42 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Lululemon Athletica during the third quarter worth $27,000. Bogart Wealth LLC raised its stake in Lululemon Athletica by 270.0% during the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after buying an additional 54 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at $31,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in Lululemon Athletica during the 4th quarter worth about $40,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lululemon Athletica

In other news, Director Martha A. M. Morfitt bought 700 shares of the stock in a transaction on Tuesday, March 26th. The shares were acquired at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the purchase, the director now directly owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Evercore ISI cut their target price on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Raymond James raised their price target on shares of Lululemon Athletica from $495.00 to $520.00 and gave the company an “outperform” rating in a research report on Wednesday, January 10th. BMO Capital Markets boosted their price objective on Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Truist Financial cut their target price on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Finally, JPMorgan Chase & Co. lowered their price target on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $483.61.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded up $4.96 during trading hours on Friday, reaching $352.47. The company had a trading volume of 2,464,621 shares, compared to its average volume of 1,782,204. Lululemon Athletica Inc. has a one year low of $326.93 and a one year high of $516.39. The firm has a market cap of $44.41 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.22 and a beta of 1.30. The business has a fifty day simple moving average of $422.44 and a 200 day simple moving average of $438.62.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 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 during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the company earned $4.40 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Lululemon Athletica Company 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.