First Trust Direct Indexing L.P. Buys 548 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

First Trust Direct Indexing L.P. boosted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 51.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,615 shares of the apparel retailer’s stock after acquiring an additional 548 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Lululemon Athletica were worth $826,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Daymark Wealth Partners LLC lifted its stake in shares of Lululemon Athletica by 3.8% in the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock valued at $293,000 after acquiring an additional 21 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in Lululemon Athletica by 1.9% in the 4th 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 in the last quarter. Pinnacle Financial Partners Inc boosted its stake in shares of Lululemon Athletica by 1.9% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock valued at $646,000 after purchasing an additional 23 shares in the last quarter. Baker Avenue Asset Management LP boosted its stake in shares of Lululemon Athletica by 11.1% during the third quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock valued at $97,000 after purchasing an additional 25 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its holdings in shares of Lululemon Athletica by 3.3% during 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. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 1.2 %

Lululemon Athletica stock opened at $355.15 on Friday. Lululemon Athletica Inc. has a 52 week low of $326.93 and a 52 week high of $516.39. The company’s 50 day moving average price is $403.31 and its two-hundred day moving average price is $437.77. The stock has a market cap of $44.75 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.24 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. The firm 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 company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the company earned $4.40 earnings per share. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LULU. BMO Capital Markets raised their price objective on shares of Lululemon Athletica from $408.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. BNP Paribas lowered shares of Lululemon Athletica from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $430.00 to $415.00 in a report on Friday, February 9th. Guggenheim decreased their price objective on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Barclays downgraded Lululemon Athletica from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $546.00 to $395.00 in a report on Monday, April 29th. Finally, Wedbush reduced their price target on Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Two 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $476.57.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the stock in a transaction on Tuesday, March 26th. The shares were acquired at an average price of $389.29 per share, with a total value 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 0.54% of the stock is currently owned by company 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.