Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by 180 Wealth Advisors LLC

180 Wealth Advisors LLC raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 14.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,680 shares of the apparel retailer’s stock after buying an additional 714 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Lululemon Athletica were worth $2,172,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Sunbelt Securities Inc. grew its stake in Lululemon Athletica by 4.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after acquiring an additional 42 shares in the last quarter. Claro Advisors LLC lifted its holdings in shares of Lululemon Athletica by 5.6% during the 4th quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock worth $345,000 after acquiring an additional 48 shares during the period. Capital Market Strategies LLC raised its stake in Lululemon Athletica by 6.5% during the fourth quarter. Capital Market Strategies LLC now owns 820 shares of the apparel retailer’s stock worth $314,000 after acquiring an additional 50 shares in the last quarter. Fulton Bank N.A. boosted its holdings in shares of Lululemon Athletica by 2.7% in the 3rd quarter. Fulton Bank N.A. now owns 2,115 shares of the apparel retailer’s stock worth $574,000 after acquiring an additional 56 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Lululemon Athletica by 11.2% during the second quarter. EverSource Wealth Advisors LLC now owns 598 shares of the apparel retailer’s stock worth $179,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

LULU stock opened at $398.86 on Tuesday. The business’s 50-day moving average is $357.53 and its two-hundred day moving average is $302.43. The company has a market cap of $48.57 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 2.78 and a beta of 1.18. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data 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 the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.53 EPS. Equities analysts predict that Lululemon Athletica Inc. will post 14.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Barclays boosted their price objective on shares of Lululemon Athletica from $261.00 to $378.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Robert W. Baird upped their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research note on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $383.23.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on 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 directly owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction 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 $5,040,456.66. This trade represents a 66.68 % 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 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.