GAMMA Investing LLC Increases Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

GAMMA Investing LLC grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 56.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,515 shares of the apparel retailer’s stock after purchasing an additional 548 shares during the period. GAMMA Investing LLC’s holdings in Lululemon Athletica were worth $579,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Lululemon Athletica by 61.2% during the 3rd quarter. Principal Financial Group Inc. now owns 250,175 shares of the apparel retailer’s stock valued at $67,885,000 after buying an additional 94,997 shares in the last quarter. American Trust purchased a new position in shares of Lululemon Athletica in the third quarter valued at $785,000. Synovus Financial Corp increased its position in Lululemon Athletica by 46.4% in the third quarter. Synovus Financial Corp now owns 4,191 shares of the apparel retailer’s stock worth $1,137,000 after purchasing an additional 1,329 shares during the last quarter. Tidal Investments LLC raised its stake in Lululemon Athletica by 19.0% during the third quarter. Tidal Investments LLC now owns 11,406 shares of the apparel retailer’s stock valued at $3,095,000 after purchasing an additional 1,822 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Lululemon Athletica during the third quarter valued at $249,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Performance

Shares of LULU opened at $378.18 on Friday. The company has a 50 day moving average price of $347.22 and a 200-day moving average price of $299.02. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $502.00. The stock has a market capitalization of $46.06 billion, a PE ratio of 27.31, a PEG ratio of 2.78 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.18. The business 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 revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.53 EPS. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.17 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Robert W. Baird upped their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Needham & Company LLC restated a “hold” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Raymond James raised their price target on Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $377.63.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

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.