Stonegate Investment Group LLC Purchases New Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Stonegate Investment Group LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 743 shares of the apparel retailer’s stock, valued at approximately $284,000.

Several other institutional investors have also added to or reduced their stakes in the business. SeaCrest Wealth Management LLC raised its stake 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 during the last quarter. Adirondack Trust Co. increased its position in Lululemon Athletica by 6.5% during the fourth quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock valued at $249,000 after acquiring an additional 40 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Lululemon Athletica by 4.6% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after acquiring an additional 42 shares during the period. First Pacific Financial boosted its position in Lululemon Athletica by 1.4% in the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock worth $1,184,000 after purchasing an additional 44 shares during the last quarter. Finally, Claro Advisors LLC grew its stake 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 purchasing an additional 48 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the firm’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 in the company, valued at $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. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Up 1.6 %

Lululemon Athletica stock opened at $409.42 on Wednesday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $491.30. The firm has a 50-day moving average price of $370.46 and a 200-day moving average price of $308.53. The firm has a market capitalization of $49.86 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the firm posted $2.53 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LULU shares. Truist Financial raised their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Stifel Nicolaus reissued a “buy” rating and set a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Barclays raised their target price on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, BMO Capital Markets lifted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $395.67.

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.