Bank OZK Boosts Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Bank OZK grew its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,568 shares of the apparel retailer’s stock after acquiring an additional 60 shares during the quarter. Bank OZK’s holdings in Lululemon Athletica were worth $1,824,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Valley National Advisers Inc. raised its stake 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 in the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of Lululemon Athletica during the third quarter worth approximately $27,000. Bogart Wealth LLC increased its stake in shares of Lululemon Athletica by 270.0% in 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 period. Morton Brown Family Wealth LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter worth $31,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of Lululemon Athletica in the fourth quarter worth $40,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the acquisition, the director now owns 500 shares in the company, valued at approximately $194,645. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by insiders.

Lululemon Athletica Price Performance

Lululemon Athletica stock traded up $4.70 during mid-day trading on Friday, reaching $364.70. The stock had a trading volume of 1,234,535 shares, compared to its average volume of 2,023,414. The company has a market capitalization of $45.96 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 1.27 and a beta of 1.30. The company has a 50-day moving average price of $410.57 and a two-hundred day moving average price of $438.25. Lululemon Athletica Inc. has a one year low of $326.93 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. The company had revenue of $3.21 billion for 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 revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.40 EPS. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on LULU shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $539.00 target price (down from $596.00) on shares of Lululemon Athletica in a research note on Friday, March 22nd. Jefferies Financial Group decreased their target price on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a research note on Thursday, April 4th. Evercore ISI decreased their target price on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. HSBC decreased their target price on shares of Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Lululemon Athletica in a research note on Friday, March 22nd. Two 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $481.96.

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.