Lululemon Athletica Inc. (NASDAQ:LULU) Position Increased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,466 shares of the apparel retailer’s stock after acquiring an additional 589 shares during the period. Kestra Private Wealth Services LLC’s holdings in Lululemon Athletica were worth $2,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LULU. Paladin Wealth LLC bought a new position in Lululemon Athletica during the third quarter valued at about $29,000. JFS Wealth Advisors LLC raised its holdings in Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares in the last quarter. Sound Income Strategies LLC raised its holdings in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $36,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $38,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Down 0.5 %

NASDAQ LULU opened at $397.63 on Wednesday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The stock’s 50 day moving average is $388.91 and its two-hundred day moving average is $317.65. The company has a market capitalization of $48.42 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the company posted $2.53 earnings per share. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Insider Activity

In related news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on 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. The trade was a 66.68 % decrease in their position. 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 the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade 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 corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Raymond James reaffirmed an “outperform” rating and issued a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Wells Fargo & Company raised their price target on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research report on Monday, December 2nd. Barclays raised their price target on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley raised their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. One investment 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

About Lululemon Athletica

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.