Los Angeles Capital Management LLC Boosts Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Los Angeles Capital Management LLC increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 248.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 323,031 shares of the apparel retailer’s stock after acquiring an additional 230,349 shares during the period. Los Angeles Capital Management LLC’s holdings in Lululemon Athletica were worth $123,530,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC increased its stake in shares of Lululemon Athletica by 61.8% during the third quarter. Private Advisor Group LLC now owns 15,213 shares of the apparel retailer’s stock valued at $4,128,000 after purchasing an additional 5,813 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Lululemon Athletica during the 3rd quarter valued at $239,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Lululemon Athletica by 19.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,481 shares of the apparel retailer’s stock valued at $8,255,000 after acquiring an additional 4,791 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Lululemon Athletica by 28.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,488 shares of the apparel retailer’s stock worth $675,000 after purchasing an additional 554 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in Lululemon Athletica by 14.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 47,314 shares of the apparel retailer’s stock valued at $13,202,000 after buying an additional 6,052 shares during the period. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Price Performance

Shares of LULU opened at $368.22 on Tuesday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The stock has a market cap of $44.84 billion, a PE ratio of 26.59, a P/E/G ratio of 2.22 and a beta of 1.19. The firm has a 50-day simple moving average of $387.92 and a two-hundred day simple moving average of $326.75.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly 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 net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the business earned $2.53 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

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 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 owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The sale was disclosed in a filing 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 stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following 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. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LULU shares. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Jefferies Financial Group restated an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. 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 note on Friday, December 6th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Finally, UBS Group increased their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $399.14.

About Lululemon Athletica

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.