Guyasuta Investment Advisors Inc. Makes New $243,000 Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Guyasuta Investment Advisors Inc. bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 635 shares of the apparel retailer’s stock, valued at approximately $243,000.

Other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC raised its stake in shares of Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $33,000. Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $36,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $366.68 on Friday. 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 1-year low of $226.01 and a 1-year high of $480.94. The company has a 50 day moving average price of $391.37 and a 200 day moving average price of $320.44.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.53 earnings per share. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LULU. BMO Capital Markets upped their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. Morgan Stanley increased their price objective on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Finally, Guggenheim increased their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. One 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $399.14.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the company’s 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 owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

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.