Marco Investment Management LLC Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Marco Investment Management LLC acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, Holdings Channel reports. The fund acquired 530 shares of the apparel retailer’s stock, valued at approximately $203,000.

Several other hedge funds have also recently added to or reduced their stakes in LULU. Ashton Thomas Private Wealth LLC bought a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $823,000. Freestone Capital Holdings LLC increased its position in Lululemon Athletica by 291.2% during the fourth quarter. Freestone Capital Holdings LLC now owns 7,491 shares of the apparel retailer’s stock worth $2,865,000 after acquiring an additional 5,576 shares during the period. Ethos Financial Group LLC acquired a new position in Lululemon Athletica during the 4th quarter valued at $295,000. One Capital Management LLC bought a new stake in Lululemon Athletica in the 4th quarter valued at $210,000. Finally, Raymond James Financial Inc. acquired a new stake in Lululemon Athletica in the 4th quarter worth $44,318,000. Institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction 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 directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated 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 directly owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Down 1.0 %

LULU opened at $344.36 on Friday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The firm has a 50-day moving average price of $382.97 and a two-hundred day moving average price of $332.35. The stock has a market capitalization of $41.94 billion, a PE ratio of 24.86, a PEG ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data 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. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the business posted $2.53 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on LULU. UBS Group upped their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Evercore ISI raised their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Raymond James restated an “outperform” rating and set a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, TD Securities boosted their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. One research analyst has 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, Lululemon Athletica currently 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.