Private Advisor Group LLC Purchases 5,180 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Private Advisor Group LLC lifted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 34.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 20,393 shares of the apparel retailer’s stock after buying an additional 5,180 shares during the period. Private Advisor Group LLC’s holdings in Lululemon Athletica were worth $7,798,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JFS Wealth Advisors LLC raised its holdings in shares of Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $32,000. Sound Income Strategies LLC raised its holdings in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $33,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $36,000. 85.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. KeyCorp boosted their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Evercore ISI boosted their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Morgan Stanley boosted their target price 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. Finally, Robert W. Baird boosted their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

Lululemon Athletica Trading Down 1.9 %

Lululemon Athletica stock opened at $358.97 on Friday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The stock’s 50 day simple moving average is $388.35 and its two-hundred day simple moving average is $324.60. The firm has a market cap of $43.72 billion, a PE ratio of 25.92, a P/E/G ratio of 2.23 and a beta of 1.19.

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

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.