632 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 632 shares of the apparel retailer’s stock, valued at approximately $242,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC grew its holdings in Lululemon Athletica by 2.6% during the 4th 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 in the last quarter. Sunbelt Securities Inc. grew its holdings in Lululemon Athletica by 4.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after buying an additional 42 shares in the last quarter. First Pacific Financial grew its holdings in Lululemon Athletica by 1.4% during the 4th quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock valued at $1,184,000 after buying an additional 44 shares in the last quarter. Claro Advisors LLC boosted its position in shares of Lululemon Athletica by 5.6% during the 4th quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock valued at $345,000 after acquiring an additional 48 shares during the last quarter. Finally, Howard Financial Services LTD. boosted its position in shares of Lululemon Athletica by 5.7% during the 4th quarter. Howard Financial Services LTD. now owns 884 shares of the apparel retailer’s stock valued at $338,000 after acquiring an additional 48 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

LULU opened at $372.81 on Wednesday. The business’s 50-day moving average is $363.72 and its two-hundred day moving average is $305.10. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $491.30. The firm has a market capitalization of $45.40 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

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, topping the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $2.53 earnings per share. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.33 EPS for the current year.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated 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 approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. 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 subject of a number of research reports. TD Securities increased their target price on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft increased their target price on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Guggenheim increased their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. KeyCorp increased their target price on Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company raised their price target on Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.33.

Lululemon Athletica 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.