Simon Quick Advisors LLC Purchases 204 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Simon Quick Advisors LLC increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 26.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 984 shares of the apparel retailer’s stock after buying an additional 204 shares during the period. Simon Quick Advisors LLC’s holdings in Lululemon Athletica were worth $376,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Paladin Wealth LLC bought a new stake in shares of Lululemon Athletica during the 3rd quarter valued at about $29,000. JFS Wealth Advisors LLC raised its stake in 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 purchasing an additional 65 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in Lululemon Athletica by 110.1% during the third quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 76 shares during the last quarter. Asset Dedication LLC grew its stake in Lululemon Athletica by 402.1% in the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock worth $64,000 after buying an additional 189 shares in the last quarter. Finally, Avondale Wealth Management purchased a new position in Lululemon Athletica in the 3rd quarter worth approximately $68,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Shares of LULU opened at $387.85 on Friday. The company has a 50-day simple moving average of $365.84 and a two-hundred day simple moving average of $306.17. The firm has a market capitalization of $47.23 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.43 and a beta of 1.18. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $491.30.

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, 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 return on equity of 42.16% and a net margin of 17.05%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.53 earnings per share. Analysts expect that Lululemon Athletica Inc. will post 14.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LULU. Guggenheim lifted their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Barclays lifted their price target on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. BMO Capital Markets increased their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Robert W. Baird raised their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, UBS Group upped their target price on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $391.00.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’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 completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 12,429 shares in the company, valued at $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 owned by company insiders.

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.