Royal Fund Management LLC Has $2.07 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Royal Fund Management LLC grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,046 shares of the apparel retailer’s stock after buying an additional 132 shares during the quarter. Royal Fund Management LLC’s holdings in Lululemon Athletica were worth $2,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Valley National Advisers Inc. lifted its position in shares of Lululemon Athletica by 600.0% in the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after buying an additional 42 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $31,000. Milestone Investment Advisors LLC bought a new position in shares of Lululemon Athletica in the third quarter valued at approximately $27,000. Bogart Wealth LLC raised its position 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 valued at $29,000 after purchasing an additional 54 shares during the period. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Lululemon Athletica during the 4th quarter worth $40,000. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LULU. Needham & Company LLC dropped their target price on shares of Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. KeyCorp reduced their target price on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Jefferies Financial Group reduced their target price on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating for the company in a research note on Thursday, April 4th. Wedbush reduced their target price on shares of Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $539.00 target price (down previously from $596.00) on shares of Lululemon Athletica in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $476.57.

Lululemon Athletica Price Performance

Shares of LULU traded up $4.35 during trading hours on Friday, hitting $355.15. 1,257,860 shares of the stock were exchanged, compared to its average volume of 1,878,894. Lululemon Athletica Inc. has a fifty-two week low of $326.93 and a fifty-two week high of $516.39. The business has a 50-day moving average of $401.25 and a 200-day moving average of $437.35. The firm has a market capitalization of $44.75 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period in the prior year, the firm earned $4.40 earnings per share. Lululemon Athletica’s revenue was up 15.6% on a year-over-year basis. As a group, analysts forecast that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Martha A. M. Morfitt bought 700 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the acquisition, the director now directly owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

About Lululemon Athletica

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.