Newbridge Financial Services Group Inc. Invests $101,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Newbridge Financial Services Group Inc. acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, Holdings Channel reports. The firm acquired 263 shares of the apparel retailer’s stock, valued at approximately $101,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LULU. Kestra Private Wealth Services LLC lifted its position in shares of Lululemon Athletica by 12.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 5,466 shares of the apparel retailer’s stock worth $2,090,000 after purchasing an additional 589 shares during the period. Quotient Wealth Partners LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at $253,000. Northeast Investment Management bought a new stake in Lululemon Athletica during the fourth quarter valued at $276,000. Empirical Finance LLC bought a new position in shares of Lululemon Athletica in the 4th quarter worth about $246,000. Finally, Empowered Funds LLC boosted its position in shares of Lululemon Athletica by 22.3% during the 4th quarter. Empowered Funds LLC now owns 2,123 shares of the apparel retailer’s stock valued at $812,000 after purchasing an additional 387 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Trading Up 0.4 %

Shares of Lululemon Athletica stock opened at $399.71 on Tuesday. The firm has a market capitalization of $48.68 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. The business’s fifty day simple moving average is $387.61 and its 200 day simple moving average is $316.58. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm earned $2.53 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Barclays upped their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Oppenheimer raised their target price on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday. Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. One 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $399.14.

Insider Activity

In related news, insider Celeste Burgoyne sold 24,870 shares of the company’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 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 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 this link. Also, insider Nicole Neuburger sold 2,022 shares of the 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.