Alpha Cubed Investments LLC Buys 1,197 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Alpha Cubed Investments LLC boosted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,301 shares of the apparel retailer’s stock after purchasing an additional 1,197 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Lululemon Athletica were worth $13,882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in shares of Lululemon Athletica by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after acquiring an additional 44,294 shares during the period. Legal & General Group Plc grew its position in shares of Lululemon Athletica by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock valued at $310,763,000 after purchasing an additional 37,239 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after purchasing an additional 894,531 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Lululemon Athletica by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock worth $190,567,000 after buying an additional 19,808 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its stake in Lululemon Athletica by 43.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock valued at $166,016,000 after buying an additional 185,440 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $782,736.42. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $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. 0.48% of the stock is owned by insiders.

Lululemon Athletica Trading Up 0.7 %

Shares of Lululemon Athletica stock opened at $373.70 on Tuesday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $491.30. The company has a market cap of $45.51 billion, a P/E ratio of 26.98, a PEG ratio of 2.44 and a beta of 1.18. The company’s fifty day simple moving average is $362.61 and its two-hundred day simple moving average is $304.59.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.53 earnings per share. Analysts predict that Lululemon Athletica Inc. will post 14.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. BMO Capital Markets raised their price target on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Raymond James reissued an “outperform” rating and issued a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective for the company in a report on Friday, January 10th. Finally, UBS Group increased their target price on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $390.33.

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.