Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Stiles Financial Services Inc

Stiles Financial Services Inc increased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 14.2% in the fourth quarter, Holdings Channel reports. The firm owned 3,031 shares of the apparel retailer’s stock after purchasing an additional 377 shares during the quarter. Stiles Financial Services Inc’s holdings in Lululemon Athletica were worth $1,159,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LULU. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter worth approximately $29,000. JFS Wealth Advisors LLC lifted its stake in Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the period. Golden State Wealth Management LLC bought a new stake in Lululemon Athletica during the fourth quarter valued at $36,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $38,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Trading Down 3.3 %

NASDAQ LULU opened at $398.10 on Monday. 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 price is $387.61 and its two-hundred day moving average price is $316.26. The company has a market cap of $48.48 billion, a PE ratio of 28.74, a PEG ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the firm’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 transaction of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company’s 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 transaction, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This 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 insiders.

Analyst Ratings Changes

Several research firms have recently commented on LULU. Morgan Stanley lifted their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft increased their price target on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Barclays boosted their price objective 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. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their target price for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Finally, KeyCorp upped their price target on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

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.