Crew Capital Management Ltd. Makes New $1.32 Million Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Crew Capital Management Ltd. purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,571 shares of the apparel retailer’s stock, valued at approximately $1,315,000. Lululemon Athletica makes up about 1.3% of Crew Capital Management Ltd.’s holdings, making the stock its 15th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LULU. Valley National Advisers Inc. raised its holdings in shares of Lululemon Athletica by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Morton Brown Family Wealth LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth approximately $31,000. Milestone Investment Advisors LLC acquired a new stake in Lululemon Athletica during the third quarter worth approximately $27,000. Bogart Wealth LLC lifted its position in Lululemon Athletica by 270.0% during the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 54 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new stake in Lululemon Athletica during the fourth quarter worth approximately $40,000. 85.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LULU shares. Evercore ISI cut their price objective on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Guggenheim cut their price objective on shares of Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Jefferies Financial Group cut their price objective on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating for the company in a research report on Thursday, April 4th. Barclays downgraded shares of Lululemon Athletica from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $546.00 to $395.00 in a research report on Monday. Finally, HSBC dropped their price target on shares of Lululemon Athletica from $500.00 to $405.00 in a research report on Wednesday, April 10th. Two 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $476.57.

Lululemon Athletica Stock Down 0.2 %

Shares of NASDAQ LULU traded down $0.74 during midday trading on Monday, reaching $363.96. 1,360,903 shares of the company were exchanged, compared to its average volume of 1,767,994. The stock’s 50-day moving average price is $410.57 and its 200-day moving average price is $439.16. The stock has a market cap of $45.86 billion, a P/E ratio of 29.88, a PEG ratio of 1.29 and a beta of 1.30. Lululemon Athletica Inc. has a one year low of $326.93 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 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 analyst estimates 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 earned $4.40 earnings per share. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were 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 owns 500 shares in the company, valued at $194,645. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by company insiders.

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.