American Trust Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

American Trust purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,894 shares of the apparel retailer’s stock, valued at approximately $785,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Value Star Asset Management Hong Kong Ltd raised its position in Lululemon Athletica by 19,890.3% in the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after acquiring an additional 4,630,466 shares during the period. Geode Capital Management LLC lifted its position in Lululemon Athletica by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after purchasing an additional 44,294 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Lululemon Athletica by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock valued at $528,429,000 after buying an additional 82,731 shares in the last quarter. Legal & General Group Plc boosted its holdings in Lululemon Athletica by 3.7% in the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after buying an additional 37,239 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Lululemon Athletica by 74,856.2% during the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after acquiring an additional 894,531 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Trading Down 2.6 %

Shares of LULU stock opened at $389.33 on Friday. The company has a market cap of $47.80 billion, a PE ratio of 28.11, a PEG ratio of 2.84 and a beta of 1.23. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39. The business’s fifty day simple moving average is $316.39 and its 200-day simple moving average is $290.85.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the business posted $2.53 EPS. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Lululemon Athletica Inc. will post 14.17 earnings per share for the current year.

Wall Street Analyst Weigh In

LULU has been the subject of several research analyst reports. Wedbush cut their target price on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. BMO Capital Markets increased their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Raymond James upped their target price on shares of Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday, December 5th. Telsey Advisory Group lifted their price target on shares of Lululemon Athletica from $360.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Citigroup raised their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus price target of $377.63.

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.