1,064 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,064 shares of the apparel retailer’s stock, valued at approximately $304,000.

A number of other hedge funds have also added to or reduced their stakes in LULU. Larson Financial Group LLC lifted its holdings in shares of Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 43 shares in the last quarter. Paladin Wealth LLC bought a new position in Lululemon Athletica during the 3rd quarter valued at $29,000. Ridgewood Investments LLC bought a new position in Lululemon Athletica during the 2nd quarter valued at $33,000. HHM Wealth Advisors LLC grew its stake in shares of Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 46 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in shares of Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity

In other news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated Monday, December 9th. The stock was 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 owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 7.27 % 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 0.6 %

Shares of NASDAQ LULU opened at $391.63 on Monday. The business has a 50-day simple moving average of $318.81 and a two-hundred day simple moving average of $291.39. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The company has a market cap of $48.08 billion, a P/E ratio of 28.28, a P/E/G ratio of 2.84 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The company 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% compared to the same quarter last year. During the same period last year, the business earned $2.53 earnings per share. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.17 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on LULU shares. UBS Group boosted their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Raymond James upped their target price on Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. Bank of America dropped their price target on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Lululemon Athletica from $338.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $377.63.

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.