Wealth Alliance Advisory Group LLC Purchases Shares of 545 Lululemon Athletica Inc. (NASDAQ:LULU)

Wealth Alliance Advisory Group LLC acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 545 shares of the apparel retailer’s stock, valued at approximately $208,000.

Several other large investors have also modified their holdings of the company. Paladin Wealth LLC acquired a new position in Lululemon Athletica during the 3rd quarter worth $29,000. JFS Wealth Advisors LLC lifted its position 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 purchasing an additional 65 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in Lululemon Athletica by 110.1% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 76 shares during the period. Asset Dedication LLC grew its holdings in Lululemon Athletica by 402.1% in the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock valued at $64,000 after buying an additional 189 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in Lululemon Athletica in the 4th quarter worth approximately $95,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Trading Up 0.7 %

LULU opened at $373.70 on Friday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30. The firm has a 50-day moving average price of $362.61 and a two-hundred day moving average price of $304.54. The stock has a market capitalization of $45.51 billion, a PE ratio of 26.98, a PEG ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.53 EPS. On average, research analysts predict that Lululemon Athletica Inc. will post 14.18 EPS for the current year.

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of research reports. Barclays boosted their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research report on Thursday. BMO Capital Markets boosted their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. TD Cowen boosted their price target on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Finally, Piper Sandler raised their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $390.33.

Insider Buying and Selling

In other news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction dated 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 owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.