589 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 589 shares of the apparel retailer’s stock, valued at approximately $225,000.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC increased its holdings in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. Paladin Wealth LLC acquired a new position in Lululemon Athletica during the third quarter valued at approximately $29,000. JFS Wealth Advisors LLC raised 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 valued at $31,000 after purchasing an additional 65 shares during the period. Armstrong Advisory Group Inc. lifted its stake in shares of Lululemon Athletica by 110.1% in the third quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after buying an additional 76 shares during the last quarter. Finally, Asset Dedication LLC boosted its holdings in shares of Lululemon Athletica by 402.1% during 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 during the period. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LULU. Morgan Stanley boosted their target price on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. BMO Capital Markets boosted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their target price on Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. TD Securities upped their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Guggenheim raised their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $395.67.

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 2,022 shares of the business’s 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 completion of the transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the company’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 transaction, the insider now directly 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. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of LULU opened at $414.20 on Friday. The business’s 50 day simple moving average is $376.79 and its 200-day simple moving average is $310.85. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The company has a market capitalization of $50.44 billion, a P/E ratio of 29.91, a PEG ratio of 2.68 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion during 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 quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $2.53 earnings per share. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 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.