International Private Wealth Advisors LLC Acquires New Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

International Private Wealth Advisors LLC bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 558 shares of the apparel retailer’s stock, valued at approximately $213,000.

A number of other hedge funds also recently bought and sold shares of LULU. Sound Income Strategies LLC lifted its stake 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 worth $33,000 after purchasing an additional 65 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at about $36,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $38,000. Paladin Wealth LLC purchased a new position in shares of Lululemon Athletica in the 3rd quarter worth approximately $29,000. Finally, JFS Wealth Advisors LLC boosted its stake 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 buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $399.71 on Tuesday. The company has a market capitalization of $48.68 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. The firm’s 50-day moving average is $387.61 and its two-hundred day moving average is $316.58. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data 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. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the company earned $2.53 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s 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 in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated 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 trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LULU shares. Evercore ISI lifted their price target on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Raymond James restated an “outperform” rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Stifel Nicolaus reissued a “buy” rating and set a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, TD Securities upped their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Company 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.