D.A. Davidson & CO. Buys 242 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

D.A. Davidson & CO. lifted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,316 shares of the apparel retailer’s stock after purchasing an additional 242 shares during the period. D.A. Davidson & CO.’s holdings in Lululemon Athletica were worth $1,268,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LULU. JFS Wealth Advisors LLC raised its stake in 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 in the last quarter. Sound Income Strategies LLC boosted its stake in Lululemon Athletica by 309.5% in 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 in the last quarter. Asset Planning Inc purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at $33,000. Golden State Wealth Management LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $36,000. Finally, Pittenger & Anderson Inc. raised its stake in Lululemon Athletica by 53.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 33 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Down 1.9 %

LULU stock opened at $358.97 on Monday. The firm has a market capitalization of $43.72 billion, a PE ratio of 25.92, a P/E/G ratio of 2.22 and a beta of 1.19. The firm has a 50-day moving average of $388.35 and a two-hundred day moving average of $325.86. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The firm 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%. The business’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 EPS. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In related news, 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 completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed 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 transaction of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents 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 company insiders.

Analysts Set New Price Targets

LULU has been the topic of a number of research reports. Morgan Stanley increased their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. UBS Group boosted their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. BMO Capital Markets increased their price target on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Oppenheimer boosted their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised their target price on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.