Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Adirondack Trust Co.

Adirondack Trust Co. increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 651 shares of the apparel retailer’s stock after purchasing an additional 40 shares during the quarter. Adirondack Trust Co.’s holdings in Lululemon Athletica were worth $249,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Paladin Wealth LLC acquired a new position in Lululemon Athletica during the third quarter worth about $29,000. JFS Wealth Advisors LLC grew its holdings in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in Lululemon Athletica by 110.1% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 76 shares in the last quarter. Asset Dedication LLC lifted its stake in shares of Lululemon Athletica by 402.1% during the third 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 period. Finally, Avondale Wealth Management acquired a new stake in shares of Lululemon Athletica during the third quarter worth $68,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LULU. Telsey Advisory Group boosted their price objective on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Morgan Stanley raised their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Raymond James reiterated an “outperform” rating and set a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Wells Fargo & Company raised their price target on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Finally, Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective for the company in a research note on Friday, January 10th. Two equities research 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $390.33.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $382.82 on Thursday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30. The company’s fifty day moving average is $365.84 and its two-hundred day moving average is $306.17. The stock has a market capitalization of $46.62 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.43 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results 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 for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $2.53 earnings per share. Sell-side analysts expect that Lululemon Athletica Inc. will post 14.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Celeste Burgoyne sold 24,870 shares of the company’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 completion of the sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated 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 owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % 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 insiders.

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.