Liberty One Investment Management LLC Acquires 664 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Liberty One Investment Management LLC raised its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 24.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,382 shares of the apparel retailer’s stock after buying an additional 664 shares during the period. Liberty One Investment Management LLC’s holdings in Lululemon Athletica were worth $1,293,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LULU. SeaCrest Wealth Management LLC raised its stake in Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after acquiring an additional 26 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of Lululemon Athletica by 4.6% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after purchasing an additional 42 shares during the last quarter. First Pacific Financial raised its position in shares of Lululemon Athletica by 1.4% in the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock valued at $1,184,000 after purchasing an additional 44 shares during the period. Claro Advisors LLC lifted its stake in shares of Lululemon Athletica by 5.6% during the 4th quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock worth $345,000 after buying an additional 48 shares during the last quarter. Finally, Howard Financial Services LTD. boosted its holdings in shares of Lululemon Athletica by 5.7% during the 4th quarter. Howard Financial Services LTD. now owns 884 shares of the apparel retailer’s stock worth $338,000 after buying an additional 48 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU opened at $373.70 on Friday. The company’s 50 day moving average price is $362.61 and its 200-day moving average price is $304.54. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $491.30. The company has a market capitalization of $45.51 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 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 analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the firm posted $2.53 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts forecast that Lululemon Athletica Inc. will post 14.18 earnings per share for the current year.

Wall Street Analyst Weigh In

LULU has been the subject of several research reports. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Morgan Stanley upped their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday. Citigroup lifted their target price on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Oppenheimer decreased their price target on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Finally, Guggenheim lifted their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $390.33.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, 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 disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica 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.