Hantz Financial Services Inc. Acquires New Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Hantz Financial Services Inc. acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,027 shares of the apparel retailer’s stock, valued at approximately $6,511,000.

A number of other large investors have also made changes to their positions in LULU. SeaCrest Wealth Management LLC lifted its holdings in Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after acquiring an additional 26 shares in the last quarter. Adirondack Trust Co. lifted its holdings in Lululemon Athletica by 6.5% during the fourth quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock worth $249,000 after acquiring an additional 40 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in Lululemon Athletica by 4.6% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after acquiring an additional 42 shares in the last quarter. First Pacific Financial lifted its holdings in shares of Lululemon Athletica by 1.4% in the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock valued at $1,184,000 after purchasing an additional 44 shares in the last quarter. Finally, Claro Advisors LLC lifted its holdings in shares of Lululemon Athletica by 5.6% in the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock valued at $345,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insiders Place Their Bets

In other news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the sale, the insider now directly 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 filing with the SEC, which is available at this link. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s 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 sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Up 0.4 %

NASDAQ LULU opened at $411.16 on Thursday. The company has a market capitalization of $50.07 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 2.50 and a beta of 1.18. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $491.30. The stock has a fifty day simple moving average of $372.62 and a 200 day simple moving average of $309.37.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.36 billion. During the same period last year, the business posted $2.53 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. Research analysts expect that Lululemon Athletica Inc. will post 14.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley boosted their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. TD Cowen boosted their price target on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. BMO Capital Markets boosted their price target on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, Barclays upped their target price 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $395.67.

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.