West Oak Capital LLC Invests $595,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

West Oak Capital LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,555 shares of the apparel retailer’s stock, valued at approximately $595,000.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after acquiring an additional 44,294 shares in the last quarter. American Century Companies Inc. lifted its holdings in Lululemon Athletica by 4.9% in 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 acquiring an additional 82,731 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Lululemon Athletica by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after acquiring an additional 37,239 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after acquiring an additional 894,531 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Lululemon Athletica by 38.2% during the second quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after buying an additional 203,882 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LULU. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. BMO Capital Markets raised their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Barclays raised their price objective on Lululemon Athletica from $261.00 to $378.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Truist Financial raised their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. upped their target price on shares of Lululemon Athletica from $425.00 to $428.00 and gave the company an “overweight” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $382.73.

Lululemon Athletica Trading Up 0.6 %

Shares of LULU stock traded up $2.55 on Friday, reaching $395.47. The company had a trading volume of 1,321,606 shares, compared to its average volume of 1,375,541. The stock has a market cap of $48.16 billion, a PE ratio of 28.55, a PEG ratio of 2.78 and a beta of 1.18. The company has a 50-day moving average of $354.43 and a 200-day moving average of $301.28. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $491.30.

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

Insiders Place Their Bets

In related news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

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.