Galvin Gaustad & Stein LLC Grows Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Galvin Gaustad & Stein LLC lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 13.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 85,666 shares of the apparel retailer’s stock after buying an additional 10,141 shares during the quarter. Lululemon Athletica accounts for 2.9% of Galvin Gaustad & Stein LLC’s portfolio, making the stock its 2nd biggest holding. Galvin Gaustad & Stein LLC’s holdings in Lululemon Athletica were worth $32,760,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Shepherd Financial Partners LLC bought a new position in Lululemon Athletica during the 3rd quarter worth $953,000. Rheos Capital Works Inc. increased its stake in Lululemon Athletica by 19.2% during the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after acquiring an additional 2,500 shares during the period. Caxton Associates LP increased its stake in Lululemon Athletica by 6,702.7% during the 2nd quarter. Caxton Associates LP now owns 60,000 shares of the apparel retailer’s stock worth $17,922,000 after acquiring an additional 59,118 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Lululemon Athletica by 198.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock valued at $1,844,000 after purchasing an additional 4,564 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after purchasing an additional 34,704 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the business’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 owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value 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. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Stock Down 0.8 %

NASDAQ LULU opened at $379.68 on Thursday. The business has a 50 day moving average price of $365.84 and a 200-day moving average price of $306.17. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $491.30. The company has a market cap of $46.24 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 2.43 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company posted $2.53 earnings per share. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LULU shares. Citigroup raised their target price on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Robert W. Baird raised their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Raymond James reissued an “outperform” rating and set a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. TD Securities raised their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $391.00.

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.