Wealth Management Partners LLC Invests $217,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Wealth Management Partners LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 567 shares of the apparel retailer’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Lululemon Athletica by 14.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,018 shares of the apparel retailer’s stock valued at $901,000 after purchasing an additional 389 shares during the period. Bridges Investment Management Inc. purchased a new position in Lululemon Athletica in the second quarter valued at about $200,000. Pacer Advisors Inc. lifted its position in shares of Lululemon Athletica by 75.4% during the 2nd quarter. Pacer Advisors Inc. now owns 25,889 shares of the apparel retailer’s stock valued at $7,733,000 after acquiring an additional 11,126 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Lululemon Athletica by 0.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 218,602 shares of the apparel retailer’s stock worth $65,297,000 after acquiring an additional 1,714 shares in the last quarter. Finally, Westwood Holdings Group Inc. acquired a new stake in shares of Lululemon Athletica in the 2nd quarter worth approximately $13,830,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LULU shares. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Robert W. Baird boosted their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Guggenheim raised their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. TD Cowen upped their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Finally, Barclays raised their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $390.33.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $373.70 on Monday. The stock has a 50-day simple moving average of $362.61 and a 200 day simple moving average of $304.56. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $491.30. The company has a market capitalization of $45.51 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its 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 net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the company earned $2.53 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Lululemon Athletica Inc. will post 14.18 EPS for the current fiscal year.

Lululemon Athletica 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.