Moss Adams Wealth Advisors LLC Purchases New Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Moss Adams Wealth Advisors LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 576 shares of the apparel retailer’s stock, valued at approximately $220,000.

Several other hedge funds have also recently modified their holdings of the business. Ameritas Advisory Services LLC purchased a new stake in Lululemon Athletica in the fourth quarter worth approximately $3,042,000. HB Wealth Management LLC raised its holdings in Lululemon Athletica by 15.4% in the 4th quarter. HB Wealth Management LLC now owns 2,436 shares of the apparel retailer’s stock worth $932,000 after purchasing an additional 325 shares during the period. Howard Financial Services LTD. lifted its position in Lululemon Athletica by 5.7% during the fourth quarter. Howard Financial Services LTD. now owns 884 shares of the apparel retailer’s stock valued at $338,000 after purchasing an additional 48 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in Lululemon Athletica by 9.8% during the fourth quarter. Arkadios Wealth Advisors now owns 2,732 shares of the apparel retailer’s stock valued at $1,045,000 after purchasing an additional 244 shares during the period. Finally, Merit Financial Group LLC increased its position in Lululemon Athletica by 113.5% in the fourth quarter. Merit Financial Group LLC now owns 1,687 shares of the apparel retailer’s stock worth $645,000 after buying an additional 897 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 0.7 %

NASDAQ LULU opened at $373.70 on Monday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $491.30. The company’s 50-day moving average price is $362.61 and its 200-day moving average price is $304.56. The stock has a market cap of $45.51 billion, a PE ratio of 26.98, a PEG ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data 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 return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business posted $2.53 EPS. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.18 earnings per share for the current year.

Insider Activity at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The shares were 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 of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’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 transaction of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LULU. Oppenheimer cut their price objective on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Evercore ISI raised their price objective on shares of Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Barclays upped their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective for the company in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $390.33.

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.