By otakuyassine3@gmail.com 
CHICAGO TRUST Co NA bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 653 shares of the apparel retailer’s stock, valued at approximately $250,000.
Several other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after purchasing an additional 44,294 shares during the period. Legal & General Group Plc grew its position in shares of Lululemon Athletica by 3.7% in the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after buying an additional 37,239 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Lululemon Athletica by 74,856.2% during the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after buying an additional 894,531 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Lululemon Athletica by 38.2% during the second quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after acquiring an additional 203,882 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Lululemon Athletica by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock worth $190,567,000 after acquiring an additional 19,808 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
LULU has been the topic of several research analyst reports. 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 report on Tuesday, January 7th. TD Securities upped their target price on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Robert W. Baird raised their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, KeyCorp boosted their target price on shares of Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $382.73.
Check Out Our Latest Research Report on LULU
Insider Activity at Lululemon Athletica
In related news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on 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 directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents a 66.68 % 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.
Lululemon Athletica Price Performance
NASDAQ LULU opened at $398.86 on Tuesday. The stock has a market capitalization of $48.57 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 2.78 and a beta of 1.18. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30. The business’s fifty day moving average price is $357.53 and its 200-day moving average price is $302.43.
Lululemon Athletica (NASDAQ:LULU – Get Free Report) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company earned $2.53 earnings per share. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.17 EPS for the current year.
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.
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