Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC grew its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.3% during the 4th quarter, HoldingsChannel reports. The firm owned 7,955 shares of the apparel retailer’s stock after buying an additional 400 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Lululemon Athletica were worth $3,042,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LULU. Paladin Wealth LLC acquired a new position in Lululemon Athletica during the third quarter worth about $29,000. JFS Wealth Advisors LLC lifted its stake in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Armstrong Advisory Group Inc. grew its position in shares of Lululemon Athletica by 110.1% in the third quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 76 shares in the last quarter. Finally, Asset Dedication LLC lifted its position in Lululemon Athletica by 402.1% during the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock worth $64,000 after buying an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 3.1 %

Lululemon Athletica stock opened at $400.03 on Friday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $491.30. The stock has a market cap of $48.72 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The company has a fifty day simple moving average of $368.60 and a 200-day simple moving average of $307.47.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (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 business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the business posted $2.53 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LULU shares. Morgan Stanley raised their target price on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Barclays lifted their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Citigroup raised their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Robert W. Baird upped their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Guggenheim raised their target price on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $391.00.

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.