Modera Wealth Management LLC Invests $479,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Modera Wealth Management LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,253 shares of the apparel retailer’s stock, valued at approximately $479,000.

Other hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in Lululemon Athletica in the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Lululemon Athletica in the 4th quarter valued at about $32,000. Sound Income Strategies LLC lifted its position in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Asset Planning Inc bought a new stake in Lululemon Athletica in the 4th quarter valued at about $33,000. Finally, Golden State Wealth Management LLC bought a new stake in Lululemon Athletica in the 4th quarter valued at about $36,000. 85.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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 sale, the insider now owns 12,429 shares of the company’s stock, valued at approximately $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 corporate insiders.

Lululemon Athletica Stock Down 0.7 %

Shares of Lululemon Athletica stock opened at $345.29 on Wednesday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The stock has a market cap of $42.05 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The business has a fifty day simple moving average of $385.29 and a 200-day simple moving average of $331.52.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $2.53 earnings per share. Analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LULU. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Guggenheim upped their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. TD Cowen increased their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. TD Securities boosted their target price on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Raymond James reiterated an “outperform” rating and set a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.