Bourgeon Capital Management LLC Invests $681,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Bourgeon Capital Management LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,781 shares of the apparel retailer’s stock, valued at approximately $681,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after purchasing an additional 44,294 shares during the last quarter. Legal & General Group Plc increased its position in Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after buying an additional 37,239 shares during the last quarter. International Assets Investment Management LLC raised its stake in Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after buying an additional 894,531 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Lululemon Athletica by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock valued at $190,567,000 after buying an additional 19,808 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its stake in shares of Lululemon Athletica by 43.5% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock worth $166,016,000 after acquiring an additional 185,440 shares during the period. 85.20% of the stock is owned by institutional investors.

Insider Activity at Lululemon Athletica

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 stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on LULU. Citigroup raised their price target on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Guggenheim lifted their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Oppenheimer lowered their price target on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. Finally, 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $390.33.

Lululemon Athletica Trading Down 0.2 %

NASDAQ LULU opened at $372.81 on Wednesday. The company has a fifty day simple moving average of $363.72 and a 200 day simple moving average of $305.10. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $491.30. The company has a market cap of $45.40 billion, a P/E ratio of 26.92, a PEG ratio of 2.44 and a beta of 1.18.

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, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the company earned $2.53 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.34 EPS for the current year.

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.