Mach 1 Financial Group LLC Raises Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Mach 1 Financial Group LLC raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 26.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,774 shares of the apparel retailer’s stock after purchasing an additional 369 shares during the quarter. Mach 1 Financial Group LLC’s holdings in Lululemon Athletica were worth $907,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LULU. Ballentine Partners LLC purchased a new stake in shares of Lululemon Athletica during the third quarter valued at approximately $208,000. Valeo Financial Advisors LLC increased its position in shares of Lululemon Athletica by 37.3% during the third quarter. Valeo Financial Advisors LLC now owns 1,362 shares of the apparel retailer’s stock valued at $525,000 after acquiring an additional 370 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Lululemon Athletica by 6.1% during the third quarter. Commonwealth Equity Services LLC now owns 31,553 shares of the apparel retailer’s stock valued at $12,167,000 after acquiring an additional 1,810 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Lululemon Athletica by 2.9% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,386 shares of the apparel retailer’s stock valued at $11,332,000 after acquiring an additional 832 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Lululemon Athletica by 6.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,650 shares of the apparel retailer’s stock valued at $4,107,000 after acquiring an additional 669 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Down 0.9 %

Shares of LULU traded down $3.36 during trading hours on Tuesday, hitting $360.60. The company had a trading volume of 1,591,707 shares, compared to its average volume of 1,765,860. The firm has a market cap of $45.44 billion, a P/E ratio of 29.53, a P/E/G ratio of 1.29 and a beta of 1.30. The stock’s 50 day moving average price is $407.18 and its 200 day moving average price is $438.97. Lululemon Athletica Inc. has a 52-week low of $326.93 and a 52-week 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, beating analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the business earned $4.40 EPS. Lululemon Athletica’s revenue was up 15.6% compared to the same quarter last year. On average, research analysts expect that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In other news, Director Martha A. M. Morfitt acquired 700 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were acquired at an average cost of $389.29 per share, with a total value of $272,503.00. Following the transaction, the director now owns 500 shares in the company, valued at approximately $194,645. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on LULU shares. Oppenheimer reaffirmed an “outperform” rating and set a $445.00 price target (down from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. Robert W. Baird decreased their target price on Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Stifel Nicolaus reissued a “buy” rating and issued a $539.00 target price (down from $596.00) on shares of Lululemon Athletica in a research report on Friday, March 22nd. Wells Fargo & Company decreased their target price on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating for the company in a research report on Friday, March 22nd. Finally, Evercore ISI decreased their target price on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $476.57.

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.