Asset Planning Inc Purchases Shares of 85 Lululemon Athletica Inc. (NASDAQ:LULU)

Asset Planning Inc purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 85 shares of the apparel retailer’s stock, valued at approximately $33,000.

A number of other hedge funds also recently made changes to their positions in LULU. V Square Quantitative Management LLC raised its stake in shares of Lululemon Athletica by 1.9% in the 4th quarter. V Square Quantitative Management LLC now owns 3,240 shares of the apparel retailer’s stock valued at $1,239,000 after acquiring an additional 59 shares during the period. Investment Partners Asset Management Inc. purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at $275,000. Van ECK Associates Corp raised its stake in shares of Lululemon Athletica by 5.0% in the 4th quarter. Van ECK Associates Corp now owns 43,569 shares of the apparel retailer’s stock valued at $16,661,000 after acquiring an additional 2,073 shares during the period. Davidson Capital Management Inc. raised its stake in shares of Lululemon Athletica by 4.3% in the 4th quarter. Davidson Capital Management Inc. now owns 10,557 shares of the apparel retailer’s stock valued at $4,037,000 after acquiring an additional 433 shares during the period. Finally, Great Lakes Retirement Inc. raised its stake in shares of Lululemon Athletica by 4.5% in the 4th quarter. Great Lakes Retirement Inc. now owns 4,052 shares of the apparel retailer’s stock valued at $1,550,000 after acquiring an additional 173 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LULU has been the topic of a number of research reports. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Wells Fargo & Company lifted their price target on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Barclays lifted their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $366.68 on Friday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The company has a 50-day simple moving average of $392.03 and a 200-day simple moving average of $319.70. The firm has a market capitalization of $44.65 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19.

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

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.