Ausdal Financial Partners Inc. Invests $297,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Ausdal Financial Partners Inc. bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 777 shares of the apparel retailer’s stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $26,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Lululemon Athletica in the 4th quarter worth about $32,000. Sound Income Strategies LLC lifted its stake in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the period. Finally, Asset Planning Inc bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $293.06 on Friday. The stock has a market capitalization of $35.69 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.22 and a beta of 1.21. The business’s fifty day moving average is $364.63 and its 200-day moving average is $338.98. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the firm posted $5.29 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LULU shares. Raymond James reiterated a “market perform” rating and issued a $430.00 target price on shares of Lululemon Athletica in a report on Friday. Needham & Company LLC dropped their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. Oppenheimer upped their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, KeyCorp reduced their target price on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $380.72.

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.