Tcfg Wealth Management LLC Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Tcfg Wealth Management LLC acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 633 shares of the apparel retailer’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Secured Retirement Advisors LLC raised its position in shares of Lululemon Athletica by 1.7% during the 4th quarter. Secured Retirement Advisors LLC now owns 4,224 shares of the apparel retailer’s stock valued at $1,615,000 after buying an additional 69 shares in the last quarter. Allworth Financial LP raised its position in shares of Lululemon Athletica by 113.4% during the 4th quarter. Allworth Financial LP now owns 715 shares of the apparel retailer’s stock valued at $274,000 after buying an additional 380 shares in the last quarter. Principal Securities Inc. raised its position in shares of Lululemon Athletica by 26.4% during the 4th quarter. Principal Securities Inc. now owns 3,854 shares of the apparel retailer’s stock valued at $1,474,000 after buying an additional 806 shares in the last quarter. Beacon Capital Management LLC raised its position in shares of Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 24 shares in the last quarter. Finally, Peregrine Investment Management Inc. purchased a new stake in shares of Lululemon Athletica during the 4th quarter valued at $4,818,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on LULU shares. Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Guggenheim lifted their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Insiders Place Their Bets

In other Lululemon Athletica news, 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 sale, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % 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 Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated 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 owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % 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 Price Performance

Shares of NASDAQ LULU opened at $366.68 on Friday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The company’s 50-day moving average is $391.37 and its 200 day moving average is $320.44. The stock has a market capitalization of $44.65 billion, a P/E ratio of 26.48, a P/E/G ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion for 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%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.53 earnings per share. Research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share 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.