Spire Wealth Management Purchases 100 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Spire Wealth Management grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,320 shares of the apparel retailer’s stock after acquiring an additional 100 shares during the period. Spire Wealth Management’s holdings in Lululemon Athletica were worth $2,035,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC lifted its position in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. Paladin Wealth LLC purchased a new position in Lululemon Athletica during the 3rd quarter valued at $29,000. JFS Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 65 shares during the period. Armstrong Advisory Group Inc. raised its position in shares of Lululemon Athletica by 110.1% in 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 in the last quarter. Finally, Asset Dedication LLC increased its position in Lululemon Athletica by 402.1% during the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock valued at $64,000 after buying an additional 189 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on LULU shares. Raymond James restated an “outperform” rating and issued a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft raised their price target on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Oppenheimer decreased their price target on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. TD Cowen lifted their target price on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Finally, Morgan Stanley boosted their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average target price of $395.67.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction 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 transaction, the insider now directly owns 12,429 shares in the company, valued at $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 is available through this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on 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 $2,399,307.78. This trade represents 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 insiders.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $410.29 on Tuesday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The company has a 50 day moving average price of $378.74 and a 200 day moving average price of $312.03. The firm has a market capitalization of $49.97 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 2.70 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 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $2.36 billion. During the same quarter in the prior year, the business posted $2.53 earnings per share. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal 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.