Focus Financial Network Inc. Makes New $241,000 Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Focus Financial Network Inc. bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 631 shares of the apparel retailer’s stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Private Wealth Advisors LLC purchased a new position in Lululemon Athletica in the fourth quarter worth $213,000. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Lululemon Athletica by 20.4% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 6,293 shares of the apparel retailer’s stock worth $2,407,000 after buying an additional 1,067 shares during the last quarter. Bristlecone Advisors LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth about $1,042,000. Canvas Wealth Advisors LLC bought a new stake in Lululemon Athletica in the fourth quarter worth about $243,000. Finally, Stiles Financial Services Inc boosted its stake in Lululemon Athletica by 14.2% in the fourth quarter. Stiles Financial Services Inc now owns 3,031 shares of the apparel retailer’s stock valued at $1,159,000 after acquiring an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Shares of LULU opened at $366.68 on Friday. The firm has a market cap of $44.65 billion, a P/E ratio of 26.48, a P/E/G ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The stock has a 50 day simple moving average of $392.03 and a two-hundred day simple moving average of $319.70.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.53 EPS. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on LULU shares. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Barclays lifted their price objective on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. KeyCorp increased their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Morgan Stanley upped 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. Finally, Robert W. Baird boosted their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $399.14.

Insider Activity

In related news, insider Celeste Burgoyne sold 24,870 shares of the company’s 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 completion of the sale, 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 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 shares were 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 of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Company 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.