Peterson Wealth Services Has $3.24 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Peterson Wealth Services raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,338 shares of the apparel retailer’s stock after buying an additional 164 shares during the quarter. Lululemon Athletica accounts for about 1.4% of Peterson Wealth Services’ holdings, making the stock its 23rd biggest position. Peterson Wealth Services’ holdings in Lululemon Athletica were worth $3,240,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. increased its stake in 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 buying an additional 42 shares during the period. Morton Brown Family Wealth LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth $31,000. Milestone Investment Advisors LLC acquired a new position in shares of Lululemon Athletica during the 3rd quarter worth $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 during the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of Lululemon Athletica during the 4th quarter worth $40,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Jefferies Financial Group dropped their price target on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a research note on Thursday, April 4th. Needham & Company LLC dropped their price target on shares of Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Raymond James increased their price target on shares of Lululemon Athletica from $495.00 to $520.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. Stifel Nicolaus restated a “buy” rating and set a $539.00 price target (down previously from $596.00) on shares of Lululemon Athletica in a research note on Friday, March 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $445.00 price objective (down from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $485.39.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU traded up $6.40 during midday trading on Thursday, reaching $351.26. 469,799 shares of the company’s stock were exchanged, compared to its average volume of 1,748,433. The company’s 50 day simple moving average is $424.95 and its two-hundred day simple moving average is $439.26. The firm has a market capitalization of $44.26 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. Lululemon Athletica Inc. has a 12 month low of $326.93 and a 12 month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the firm earned $4.40 EPS. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of Lululemon Athletica stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now owns 500 shares of the company’s stock, valued at $194,645. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by 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.