Lululemon Athletica Inc. (NASDAQ:LULU) Stock Position Boosted by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,187 shares of the apparel retailer’s stock after buying an additional 329 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Lululemon Athletica were worth $1,601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. JFS Wealth Advisors LLC increased its stake in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares during the period. Sound Income Strategies LLC increased its position 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 purchasing an additional 65 shares during the period. Asset Planning Inc bought a new stake in shares of Lululemon Athletica in the 4th quarter worth $33,000. Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at $36,000. Finally, Ameliora Wealth Management Ltd. bought a new position in Lululemon Athletica during the fourth quarter valued at about $38,000. 85.20% of the stock is owned by institutional investors and hedge funds.

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 stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock opened at $366.68 on Friday. The firm has a market cap of $44.65 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 2.51 and a beta of 1.19. The stock has a 50-day simple moving average of $391.37 and a 200-day simple moving average of $320.44. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results 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 net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm posted $2.53 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Wells Fargo & Company increased their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. Finally, Guggenheim raised their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

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.