Consolidated Planning Corp Has $2.12 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Consolidated Planning Corp increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 8.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,141 shares of the apparel retailer’s stock after buying an additional 327 shares during the period. Consolidated Planning Corp’s holdings in Lululemon Athletica were worth $2,117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Daymark Wealth Partners LLC boosted its position in Lululemon Athletica by 3.8% in the fourth quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock worth $293,000 after purchasing an additional 21 shares during the last quarter. Simon Quick Advisors LLC boosted its position in Lululemon Athletica by 1.9% in the fourth quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock worth $612,000 after purchasing an additional 22 shares during the last quarter. Pinnacle Financial Partners Inc boosted its position in Lululemon Athletica by 1.9% in the fourth quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock worth $646,000 after purchasing an additional 23 shares during the last quarter. Baker Avenue Asset Management LP boosted its position in Lululemon Athletica by 11.1% in the third quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock worth $97,000 after purchasing an additional 25 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its position in Lululemon Athletica by 3.3% in the third quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer’s stock worth $312,000 after purchasing an additional 26 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LULU has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Wells Fargo & Company dropped their price target on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Friday, March 22nd. KeyCorp dropped their price target on Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. JPMorgan Chase & Co. dropped their price target on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Finally, Raymond James boosted their price objective on Lululemon Athletica from $495.00 to $520.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and an average target price of $481.96.

Insider Activity at Lululemon Athletica

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

Lululemon Athletica Stock Up 1.3 %

Shares of Lululemon Athletica stock traded up $4.70 during trading on Friday, hitting $364.70. 1,234,535 shares of the stock traded hands, compared to its average volume of 2,023,414. The stock has a market cap 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 firm’s fifty day moving average is $410.57 and its 200-day moving average is $438.25. 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 data on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating the consensus estimate of $5.00 by $0.29. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company earned $4.40 EPS. On average, analysts forecast that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

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.