Live Oak Private Wealth LLC Increases Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Live Oak Private Wealth LLC increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,710 shares of the apparel retailer’s stock after acquiring an additional 74 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Lululemon Athletica were worth $5,243,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica during the 3rd quarter worth about $29,000. JFS Wealth Advisors LLC lifted its position in shares of Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after buying an additional 65 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in Lululemon Athletica during the fourth quarter worth about $38,000. Finally, Armstrong Advisory Group Inc. grew its stake in Lululemon Athletica by 110.1% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after acquiring an additional 76 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company’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 sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

LULU opened at $411.83 on Friday. The business has a fifty day moving average price of $384.21 and a 200 day moving average price of $314.56. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The stock has a market capitalization of $50.15 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 2.70 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping 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 firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the firm posted $2.53 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Telsey Advisory Group boosted their price objective on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 target price on shares of Lululemon Athletica in a research note on Monday, December 2nd. Citigroup boosted their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $395.67.

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.