Marshall Financial Group LLC Purchases 222 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Marshall Financial Group LLC lifted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 7.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,127 shares of the apparel retailer’s stock after purchasing an additional 222 shares during the period. Marshall Financial Group LLC’s holdings in Lululemon Athletica were worth $1,196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LULU. Sound Income Strategies LLC lifted its position in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica during the 3rd quarter valued at approximately $29,000. JFS Wealth Advisors LLC increased its holdings in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Armstrong Advisory Group Inc. raised its stake in Lululemon Athletica by 110.1% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after acquiring an additional 76 shares during the period. Finally, Asset Dedication LLC lifted its holdings in Lululemon Athletica by 402.1% during the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock valued at $64,000 after purchasing an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LULU shares. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Morgan Stanley boosted their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. Telsey Advisory Group boosted their price target on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $391.00.

Lululemon Athletica Trading Up 3.1 %

LULU stock opened at $400.03 on Friday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $491.30. The stock has a market cap of $48.72 billion, a PE ratio of 28.88, a P/E/G ratio of 2.50 and a beta of 1.18. The company has a 50-day moving average price of $368.60 and a 200 day moving average price of $307.47.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the business earned $2.53 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.34 EPS for the current year.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company’s 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 transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.