Mitchell Capital Management Co. Has $3.94 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Mitchell Capital Management Co. lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,303 shares of the apparel retailer’s stock after selling 127 shares during the period. Mitchell Capital Management Co.’s holdings in Lululemon Athletica were worth $3,940,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC boosted its position 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 worth $31,000 after buying an additional 65 shares during the period. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter valued at $32,000. Sound Income Strategies LLC boosted 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 during the last quarter. Finally, Asset Planning Inc acquired a new stake in Lululemon Athletica during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity 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 value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 shares were 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. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LULU shares. 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. JPMorgan Chase & Co. lifted their price objective on Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company lifted their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Robert W. Baird lifted their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Guggenheim lifted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

Lululemon Athletica Stock Up 1.0 %

Shares of LULU opened at $365.61 on Friday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94. The firm has a market capitalization of $44.53 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 2.22 and a beta of 1.19. The stock’s 50-day moving average price is $386.81 and its 200 day moving average price is $329.64.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly 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 firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company posted $2.53 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current 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.