Lake Street Advisors Group LLC Invests $450,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Lake Street Advisors Group LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,178 shares of the apparel retailer’s stock, valued at approximately $450,000.

A number of other large investors have also bought and sold shares of LULU. Beacon Capital Management LLC boosted its stake in Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after purchasing an additional 24 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after buying an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in Lululemon Athletica by 9.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after buying an additional 28 shares in the last quarter. Mather Group LLC. grew its holdings in Lululemon Athletica by 21.1% during the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock worth $68,000 after acquiring an additional 31 shares during the last quarter. Finally, Pittenger & Anderson Inc. increased its position in Lululemon Athletica by 53.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 33 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Performance

Shares of LULU opened at $362.16 on Friday. The stock has a 50 day simple moving average of $387.09 and a 200 day simple moving average of $328.16. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The firm has a market capitalization of $44.11 billion, a PE ratio of 26.15, a P/E/G ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the company earned $2.53 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’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 transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on Monday, December 9th. The stock was 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 directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LULU shares. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective on the stock in a report on Friday, January 10th. UBS Group lifted 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. Robert W. Baird upped their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $399.14.

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.