Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 62.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,373 shares of the apparel retailer’s stock after purchasing an additional 1,689 shares during the quarter. Jones Financial Companies Lllp’s holdings in Lululemon Athletica were worth $1,672,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Maverick Capital Ltd. purchased a new position in Lululemon Athletica in the third quarter worth approximately $93,476,000. The Manufacturers Life Insurance Company lifted its position in shares of Lululemon Athletica by 136.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after purchasing an additional 305,302 shares during the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Lululemon Athletica during the third quarter worth $81,405,000. Los Angeles Capital Management LLC grew its stake in shares of Lululemon Athletica by 248.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock worth $123,530,000 after purchasing an additional 230,349 shares in the last quarter. Finally, Swedbank AB increased its holdings in Lululemon Athletica by 151.0% in the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock valued at $99,744,000 after buying an additional 221,112 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, 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. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Down 0.5 %

Shares of Lululemon Athletica stock opened at $347.94 on Friday. The firm has a market cap of $42.37 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The company’s 50-day simple moving average is $383.81 and its 200-day simple moving average is $331.76.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) 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 firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.53 EPS. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of recent analyst reports. Guggenheim lifted their price target on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price target for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Citigroup boosted their price objective on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, BMO Capital Markets increased their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $399.14.

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.