Capital Asset Advisory Services LLC Takes $127,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Capital Asset Advisory Services LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 365 shares of the apparel retailer’s stock, valued at approximately $127,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lake Street Financial LLC increased its holdings in shares of Lululemon Athletica by 1.5% in the 4th quarter. Lake Street Financial LLC now owns 1,986 shares of the apparel retailer’s stock valued at $691,000 after purchasing an additional 30 shares in the last quarter. Brandywine Oak Private Wealth LLC increased its holdings in Lululemon Athletica by 4.3% during the 4th quarter. Brandywine Oak Private Wealth LLC now owns 727 shares of the apparel retailer’s stock valued at $253,000 after acquiring an additional 30 shares in the last quarter. Assetmark Inc. increased its holdings in Lululemon Athletica by 44.4% during the 4th quarter. Assetmark Inc. now owns 104 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 32 shares in the last quarter. Allworth Financial LP increased its holdings in Lululemon Athletica by 19.9% during the 4th quarter. Allworth Financial LP now owns 205 shares of the apparel retailer’s stock valued at $71,000 after acquiring an additional 34 shares in the last quarter. Finally, Xponance Inc. increased its holdings in Lululemon Athletica by 0.3% during the 4th quarter. Xponance Inc. now owns 11,884 shares of the apparel retailer’s stock valued at $4,136,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

LULU has been the subject of several recent research reports. Raymond James raised their target price on shares of Lululemon Athletica from $400.00 to $500.00 and gave the company a “strong-buy” rating in a report on Wednesday, December 9th. They noted that the move was a valuation call. TheStreet downgraded shares of Lululemon Athletica from a “b” rating to a “c+” rating in a report on Thursday, March 18th. Argus raised their target price on shares of Lululemon Athletica from $380.00 to $400.00 in a report on Monday, December 14th. Morgan Stanley raised their target price on shares of Lululemon Athletica from $386.00 to $394.00 and gave the company an “equal weight” rating in a report on Thursday, April 1st. Finally, Smith Barney Citigroup raised their price target on shares of Lululemon Athletica from $340.00 to $385.00 in a research note on Friday, December 11th. Eleven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $383.94.

Shares of LULU stock opened at $306.04 on Thursday. The stock has a market cap of $39.89 billion, a price-to-earnings ratio of 71.84, a price-to-earnings-growth ratio of 4.20 and a beta of 1.22. Lululemon Athletica Inc. has a fifty-two week low of $194.33 and a fifty-two week high of $399.90. The firm’s 50 day moving average price is $310.83 and its two-hundred day moving average price is $335.55.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Monday, March 29th. The apparel retailer reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.09. Lululemon Athletica had a net margin of 13.69% and a return on equity of 28.89%. During the same quarter in the previous year, the business earned $2.28 EPS. On average, research analysts anticipate that Lululemon Athletica Inc. will post 4.57 earnings per share for the current fiscal year.

Lululemon Athletica Company Profile

lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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