Citizens National Bank Trust Department Purchases New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

Citizens National Bank Trust Department purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,567 shares of the apparel retailer’s stock, valued at approximately $599,000.

A number of other institutional investors have also made changes to their positions in LULU. JFS Wealth Advisors LLC raised its holdings in shares of Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica in the fourth quarter valued at about $32,000. Sound Income Strategies LLC raised its holdings in shares of Lululemon Athletica by 309.5% in the fourth 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 during the last quarter. Asset Planning Inc bought a new position in shares of Lululemon Athletica in the fourth quarter valued at about $33,000. Finally, Golden State Wealth Management LLC bought a new stake in Lululemon Athletica during the 4th quarter worth about $36,000. 85.20% of the stock is owned by institutional investors.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction that occurred 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 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 document filed with the SEC, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of the company’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 sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Down 1.3 %

NASDAQ:LULU opened at $367.52 on Thursday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The business has a 50 day moving average price of $389.47 and a two-hundred day moving average price of $323.43. The company has a market cap of $44.76 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 2.26 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm posted $2.53 EPS. The business’s revenue was up 9.1% on a year-over-year basis. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LULU has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Stifel Nicolaus reissued a “buy” rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Citigroup boosted their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. UBS Group boosted their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Raymond James reissued an “outperform” rating and set a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. One analyst has 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

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.