Crewe Advisors LLC Makes New $55,000 Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Crewe Advisors LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 142 shares of the apparel retailer’s stock, valued at approximately $55,000.

Other large investors also recently modified their holdings of the company. Pinnacle Financial Partners Inc raised its position 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 buying an additional 23 shares during the last quarter. Moody National Bank Trust Division boosted its position in shares of Lululemon Athletica by 1.0% during the first quarter. Moody National Bank Trust Division now owns 2,846 shares of the apparel retailer’s stock valued at $1,112,000 after buying an additional 29 shares during the period. Congress Wealth Management LLC DE increased its position in shares of Lululemon Athletica by 2.0% during the fourth quarter. Congress Wealth Management LLC DE now owns 1,519 shares of the apparel retailer’s stock worth $777,000 after acquiring an additional 30 shares during the period. Great Lakes Retirement Inc. increased its position in Lululemon Athletica by 1.1% during the 4th quarter. Great Lakes Retirement Inc. now owns 2,964 shares of the apparel retailer’s stock valued at $1,515,000 after purchasing an additional 31 shares during the period. Finally, Graypoint LLC raised its position in shares of Lululemon Athletica by 5.1% in the 1st quarter. Graypoint LLC now owns 699 shares of the apparel retailer’s stock worth $273,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. The Goldman Sachs Group decreased their price target on Lululemon Athletica from $521.00 to $463.00 and set a “buy” rating for the company in a research note on Friday, May 24th. TD Cowen lowered their price target on shares of Lululemon Athletica from $447.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday. Evercore ISI decreased their target price on shares of Lululemon Athletica from $515.00 to $400.00 in a research note on Wednesday, June 5th. UBS Group decreased their target price on shares of Lululemon Athletica from $475.00 to $385.00 and set a “neutral” rating on the stock in a report on Wednesday, May 22nd. Finally, Sanford C. Bernstein raised their price objective on Lululemon Athletica from $376.00 to $382.00 and gave the stock a “market perform” rating in a research report on Friday, June 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $419.48.

Lululemon Athletica Stock Performance

NASDAQ LULU traded up $3.92 during trading hours on Friday, reaching $251.24. 1,295,625 shares of the company’s stock were exchanged, compared to its average volume of 2,082,183. The company has a market capitalization of $31.41 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.35 and a beta of 1.26. Lululemon Athletica Inc. has a one year low of $245.59 and a one year high of $516.39. The company’s 50-day moving average is $301.81 and its two-hundred day moving average is $379.73.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.16. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.20 billion. Lululemon Athletica had a net margin of 16.09% and a return on equity of 42.64%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.28 EPS. Research analysts predict that Lululemon Athletica Inc. will post 14.29 earnings per share for the current fiscal year.

Lululemon Athletica announced that its Board of Directors has authorized a stock repurchase program on Wednesday, June 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the apparel retailer to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.