Allworth Financial LP Acquires 380 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Allworth Financial LP lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 113.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 715 shares of the apparel retailer’s stock after purchasing an additional 380 shares during the quarter. Allworth Financial LP’s holdings in Lululemon Athletica were worth $274,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC lifted its holdings in shares of Lululemon Athletica by 127.5% during 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 during the period. Sound Income Strategies LLC lifted its holdings in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 65 shares during the period. Asset Planning Inc bought a new position in shares of Lululemon Athletica during the 4th quarter worth about $33,000. Golden State Wealth Management LLC bought a new position in shares of Lululemon Athletica during the 4th quarter worth about $36,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Lululemon Athletica during the 4th quarter worth about $38,000. 85.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LULU. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Wells Fargo & Company lifted their price target on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Evercore ISI lifted their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Barclays lifted their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Finally, TD Securities lifted their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $358.97 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 moving average of $388.35 and a 200-day moving average of $324.60. The stock has a market cap of $43.72 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 2.23 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, topping 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 company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the company earned $2.53 EPS. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the business’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 transaction, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’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 transaction, the insider now owns 6,198 shares of the company’s stock, 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 owned by corporate insiders.

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.