Valeo Financial Advisors LLC Acquires 329 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Valeo Financial Advisors LLC boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,187 shares of the apparel retailer’s stock after buying an additional 329 shares during the period. Valeo Financial Advisors LLC’s holdings in Lululemon Athletica were worth $1,601,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC raised its stake in Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after purchasing an additional 894,531 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of Lululemon Athletica in the third quarter valued at about $93,476,000. The Manufacturers Life Insurance Company lifted its stake in shares of Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after buying an additional 305,302 shares during the period. Southpoint Capital Advisors LP bought a new position in Lululemon Athletica during the third quarter valued at about $81,405,000. Finally, River Road Asset Management LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at approximately $79,503,000. 85.20% of the stock is owned by institutional investors.

Insider Activity at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the firm’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 sale, the insider now owns 6,198 shares in the company, 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.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LULU. Wells Fargo & Company boosted their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Morgan Stanley raised their price objective on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Oppenheimer upped their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Robert W. Baird raised their target price on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Raymond James restated an “outperform” rating and issued a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock opened at $366.68 on Friday. The firm has a fifty day moving average of $391.37 and a two-hundred day moving average of $320.44. The stock has a market capitalization of $44.65 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.53 earnings per share. As a group, research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.