Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Greenleaf Trust

Greenleaf Trust boosted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,749 shares of the apparel retailer’s stock after purchasing an additional 257 shares during the period. Greenleaf Trust’s holdings in Lululemon Athletica were worth $1,051,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its stake in Lululemon Athletica by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after buying an additional 44,294 shares in the last quarter. International Assets Investment Management LLC lifted its position in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after purchasing an additional 894,531 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Lululemon Athletica by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock worth $190,567,000 after buying an additional 19,808 shares during the period. Montrusco Bolton Investments Inc. boosted its position in Lululemon Athletica by 43.5% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock worth $166,016,000 after acquiring an additional 185,440 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Lululemon Athletica by 60.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer’s stock valued at $148,201,000 after buying an additional 205,757 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LULU shares. BMO Capital Markets lifted their price target 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 upped their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Oppenheimer lowered their target price on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company upped their price objective 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. Finally, Barclays lifted their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $395.67.

Lululemon Athletica Trading Down 0.9 %

LULU opened at $410.29 on Tuesday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The company has a market cap of $49.97 billion, a P/E ratio of 29.62, a PEG ratio of 2.70 and a beta of 1.18. The company’s 50 day moving average is $378.74 and its 200-day moving average is $312.03.

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, topping the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion for 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 business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.53 earnings per share. On average, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insider Activity

In related news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.