Montecito Bank & Trust Grows Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Montecito Bank & Trust boosted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 19.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,023 shares of the apparel retailer’s stock after buying an additional 502 shares during the quarter. Montecito Bank & Trust’s holdings in Lululemon Athletica were worth $1,156,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LULU. SeaCrest Wealth Management LLC boosted its stake in shares of Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after purchasing an additional 26 shares during the period. Adirondack Trust Co. lifted its stake in Lululemon Athletica by 6.5% in the fourth quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock worth $249,000 after purchasing an additional 40 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Lululemon Athletica by 4.6% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after buying an additional 42 shares during the period. First Pacific Financial grew its stake in shares of Lululemon Athletica by 1.4% during the fourth 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 during the last quarter. Finally, Claro Advisors LLC raised its holdings in shares of Lululemon Athletica by 5.6% in the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock worth $345,000 after buying an additional 48 shares during the period. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 1.3 %

Lululemon Athletica stock opened at $387.85 on Friday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $491.30. The stock has a 50-day moving average price of $365.84 and a 200 day moving average price of $306.17. The company has a market capitalization of $47.23 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last announced 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 company had revenue of $2.40 billion for 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 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 earned $2.53 EPS. Research analysts anticipate that Lululemon Athletica Inc. will post 14.34 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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 completion of the transaction, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was 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.

Wall Street Analyst Weigh In

LULU has been the topic of a number of recent analyst reports. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Evercore ISI raised their price target on shares of Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. KeyCorp boosted their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley lifted their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $391.00.

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.