Schechter Investment Advisors LLC Has $1.24 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Schechter Investment Advisors LLC decreased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,422 shares of the apparel retailer’s stock after selling 62 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Lululemon Athletica were worth $1,238,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Union Savings Bank acquired a new position in Lululemon Athletica during the 2nd quarter worth $25,000. Milestone Investment Advisors LLC acquired a new position in Lululemon Athletica during the 3rd quarter worth $27,000. Bogart Wealth LLC raised its position 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 valued at $29,000 after acquiring an additional 54 shares during the last quarter. FSC Wealth Advisors LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at $41,000. Finally, Founders Capital Management bought a new stake in shares of Lululemon Athletica during the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Bank of America upped their price objective on shares of Lululemon Athletica from $450.00 to $520.00 and gave the company a “buy” rating in a research report on Friday, December 8th. Stifel Nicolaus restated a “buy” rating and issued a $539.00 price objective (down previously from $596.00) on shares of Lululemon Athletica in a research report on Friday, March 22nd. Oppenheimer upped their target price on shares of Lululemon Athletica from $450.00 to $540.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. Robert W. Baird upped their target price on shares of Lululemon Athletica from $520.00 to $555.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Finally, TD Cowen reduced their target price on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $493.66.

Lululemon Athletica Stock Up 0.9 %

Shares of Lululemon Athletica stock opened at $389.46 on Thursday. The stock has a market cap of $49.15 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 1.36 and a beta of 1.33. The company’s fifty day moving average is $459.59 and its 200 day moving average is $442.32. Lululemon Athletica Inc. has a twelve month low of $314.22 and a twelve month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating 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 quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.40 earnings per share. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

Lululemon Athletica declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to reacquire up to 1.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.