400 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Tufton Capital Management

Tufton Capital Management acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, HoldingsChannel reports. The fund acquired 400 shares of the apparel retailer’s stock, valued at approximately $205,000.

A number of other hedge funds also recently added to or reduced their stakes in LULU. Peterson Wealth Services lifted its position in shares of Lululemon Athletica by 2.7% during the fourth quarter. Peterson Wealth Services now owns 6,338 shares of the apparel retailer’s stock valued at $3,240,000 after buying an additional 164 shares during the last quarter. Roman Butler Fullerton & Co. purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at about $415,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Lululemon Athletica by 5.3% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,497 shares of the apparel retailer’s stock valued at $1,277,000 after buying an additional 126 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Lululemon Athletica by 21.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 16,860 shares of the apparel retailer’s stock valued at $8,620,000 after buying an additional 2,923 shares during the last quarter. Finally, Sfmg LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at about $264,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average price of $389.29 per share, with a total value of $272,503.00. Following the purchase, the director now owns 500 shares of the company’s stock, valued at $194,645. The transaction 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 corporate insiders.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $347.51 on Friday. The stock has a market capitalization of $43.79 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 1.22 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. The firm’s 50 day simple moving average is $422.44 and its 200-day simple moving average is $438.62.

Lululemon Athletica (NASDAQ:LULU) last issued 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 business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the company earned $4.40 EPS. Analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LULU has been the topic of several recent analyst reports. Guggenheim cut their price objective on shares of Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Wedbush cut their price objective on shares of Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Telsey Advisory Group restated an “outperform” rating and set a $550.00 price objective on shares of Lululemon Athletica in a report on Friday, March 22nd. Piper Sandler cut their price objective on shares of Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Finally, Stifel Nicolaus restated a “buy” rating and set a $539.00 price objective (down previously from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average target price of $483.61.

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.