Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors raised its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 9.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,732 shares of the apparel retailer’s stock after buying an additional 244 shares during the period. Arkadios Wealth Advisors’ holdings in Lululemon Athletica were worth $1,045,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LULU. Paladin Wealth LLC purchased a new stake in Lululemon Athletica during the third quarter worth about $29,000. JFS Wealth Advisors LLC lifted its holdings in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after buying an additional 65 shares in the last quarter. Armstrong Advisory Group Inc. boosted its position in Lululemon Athletica by 110.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after buying an additional 76 shares during the period. Asset Dedication LLC grew its stake in shares of Lululemon Athletica by 402.1% in the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock worth $64,000 after acquiring an additional 189 shares in the last quarter. Finally, Avondale Wealth Management purchased a new stake in shares of Lululemon Athletica during the third quarter worth $68,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Trading Up 0.7 %

Shares of LULU stock opened at $373.70 on Monday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $491.30. The company has a market cap 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. The stock has a 50 day simple moving average of $362.61 and a 200-day simple moving average of $304.56.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company earned $2.53 earnings per share. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Lululemon Athletica Inc. will post 14.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lululemon Athletica news, 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 sale, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LULU shares. Oppenheimer lowered their target price on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. JPMorgan Chase & Co. upped their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen boosted their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Raymond James restated an “outperform” rating and issued a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Finally, William Blair reiterated an “outperform” rating on shares of Lululemon Athletica 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 given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $390.33.

Lululemon Athletica Company 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.