Donald L. Hagan LLC Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Donald L. Hagan LLC purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,128 shares of the apparel retailer’s stock, valued at approximately $1,196,000.

A number of other institutional investors have also bought and sold shares of LULU. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica during the 3rd quarter valued at about $29,000. JFS Wealth Advisors LLC boosted its holdings in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 65 shares during 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 valued at $33,000 after purchasing an additional 65 shares during the last quarter. Armstrong Advisory Group Inc. boosted its holdings in shares of Lululemon Athletica by 110.1% during the 3rd 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 during the last quarter. Finally, Asset Dedication LLC boosted its holdings in shares of Lululemon Athletica by 402.1% during the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock valued at $64,000 after purchasing an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Telsey Advisory Group increased their price target on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Robert W. Baird raised their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Stifel Nicolaus reissued a “buy” rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, BMO Capital Markets lifted 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $395.67.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $421.16 on Friday. The company has a market capitalization of $51.29 billion, a PE ratio of 30.41, a P/E/G ratio of 2.68 and a beta of 1.18. The company has a fifty day moving average of $374.67 and a 200 day moving average of $310.08. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last posted its 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 company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm posted $2.53 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. 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.