249 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Modus Advisors LLC

Modus Advisors LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 249 shares of the apparel retailer’s stock, valued at approximately $95,000.

A number of other large investors have also recently modified their holdings of LULU. Sunbelt Securities Inc. increased its position in Lululemon Athletica by 4.6% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after acquiring an additional 42 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 43 shares during the period. HHM Wealth Advisors LLC boosted its holdings in shares of Lululemon Athletica by 66.7% in the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after buying an additional 46 shares during the last quarter. Fulton Bank N.A. grew its position in Lululemon Athletica by 2.7% during the third quarter. Fulton Bank N.A. now owns 2,115 shares of the apparel retailer’s stock valued at $574,000 after buying an additional 56 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Lululemon Athletica by 11.2% during the second quarter. EverSource Wealth Advisors LLC now owns 598 shares of the apparel retailer’s stock valued at $179,000 after buying an additional 60 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value 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. The trade was a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was 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 corporate insiders.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded up $8.74 during trading on Friday, hitting $381.05. The stock had a trading volume of 243,469 shares, compared to its average volume of 769,404. The stock has a market cap of $46.41 billion, a PE ratio of 27.51, a PEG ratio of 2.78 and a beta of 1.23. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $502.00. The firm’s fifty day simple moving average is $345.74 and its 200-day simple moving average is $298.57.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the business earned $2.53 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts expect that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LULU has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. TD Securities upped their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. UBS Group increased their target price 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. Finally, KeyCorp upped their price target on shares of Lululemon Athletica from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.