Marietta Wealth Management LLC Boosts Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Marietta Wealth Management LLC grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,660 shares of the apparel retailer’s stock after acquiring an additional 105 shares during the quarter. Lululemon Athletica comprises about 1.2% of Marietta Wealth Management LLC’s holdings, making the stock its 27th largest position. Marietta Wealth Management LLC’s holdings in Lululemon Athletica were worth $8,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of LULU. Shepherd Financial Partners LLC purchased a new position in shares of Lululemon Athletica in the 3rd quarter worth about $953,000. Rheos Capital Works Inc. increased its position in Lululemon Athletica by 19.2% during the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after purchasing an additional 2,500 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Lululemon Athletica by 198.8% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock valued at $1,844,000 after buying an additional 4,564 shares during the period. Rockefeller Capital Management L.P. lifted its position in Lululemon Athletica by 50.5% during the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after buying an additional 34,704 shares in the last quarter. Finally, Touchstone Capital Inc. purchased a new stake in Lululemon Athletica during the third quarter worth approximately $4,084,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Trading Down 1.7 %

Shares of NASDAQ:LULU opened at $414.20 on Friday. The firm’s 50 day moving average is $378.74 and its two-hundred day moving average is $311.76. The firm 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 Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

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 the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $2.53 earnings per share. Analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction of $10,085,779.80. Following the completion of the transaction, 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 insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on LULU shares. JPMorgan Chase & Co. lifted their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upped their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Barclays raised their target price on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Raymond James restated an “outperform” rating and issued a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Finally, UBS Group lifted their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $395.67.

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.