Aspen Wealth Strategies LLC Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Aspen Wealth Strategies LLC purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,040 shares of the apparel retailer’s stock, valued at approximately $532,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Valley National Advisers Inc. increased its stake in shares of Lululemon Athletica by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of Lululemon Athletica during the 3rd quarter worth approximately $27,000. Bogart Wealth LLC increased its stake in shares of Lululemon Athletica by 270.0% during the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $31,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $40,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on LULU. HSBC lowered their target price on shares of Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $445.00 target price (down from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. Wedbush lowered 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. Jefferies Financial Group lowered 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. Finally, Piper Sandler lowered their target price on shares of Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $485.39.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of Lululemon Athletica stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Lululemon Athletica Trading Up 1.3 %

LULU stock traded up $4.22 during trading on Tuesday, reaching $338.98. The stock had a trading volume of 2,145,634 shares, compared to its average volume of 1,762,386. Lululemon Athletica Inc. has a 1-year low of $326.93 and a 1-year high of $516.39. The company has a market capitalization of $42.71 billion, a P/E ratio of 27.42, a PEG ratio of 1.19 and a beta of 1.30. The firm has a fifty day moving average price of $429.56 and a 200 day moving average price of $440.25.

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, beating analysts’ consensus estimates 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 quarter in the prior year, the business posted $4.40 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. Sell-side analysts predict 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.