Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 14.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,680 shares of the apparel retailer’s stock after acquiring an additional 714 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Lululemon Athletica were worth $2,172,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica in the third quarter worth $29,000. JFS Wealth Advisors LLC boosted its position 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 worth $31,000 after acquiring an additional 65 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Lululemon Athletica in the 2nd quarter valued at $36,000. Armstrong Advisory Group Inc. grew its stake 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 buying an additional 76 shares during the period. Finally, Asset Dedication LLC increased 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 worth $64,000 after buying an additional 189 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Up 0.9 %

Shares of NASDAQ:LULU opened at $398.86 on Tuesday. The stock has a market capitalization of $48.57 billion, a PE ratio of 28.80, a P/E/G ratio of 2.78 and a beta of 1.18. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $491.30. The firm has a fifty day moving average price of $357.53 and a 200 day moving average price of $302.43.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The business 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 firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.53 EPS. On average, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Celeste Burgoyne sold 24,870 shares of the 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 sale, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica 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 completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % 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 Analyst Weigh In

A number of brokerages have weighed in on LULU. TD Cowen lifted their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Citigroup increased their price objective on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Telsey Advisory Group boosted their target price on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, Raymond James increased their target price on Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. Two investment analysts have 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 has an average rating of “Moderate Buy” and an average target price of $383.23.

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.