Janney Montgomery Scott LLC Has $24.28 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Janney Montgomery Scott LLC lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 20.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 63,491 shares of the apparel retailer’s stock after purchasing an additional 10,780 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Lululemon Athletica were worth $24,280,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LULU. Westside Investment Management Inc. boosted its stake in shares of Lululemon Athletica by 16.7% during the fourth quarter. Westside Investment Management Inc. now owns 350 shares of the apparel retailer’s stock valued at $134,000 after purchasing an additional 50 shares in the last quarter. Dakota Wealth Management grew its holdings in Lululemon Athletica by 182.7% during the 4th quarter. Dakota Wealth Management now owns 7,080 shares of the apparel retailer’s stock worth $2,707,000 after acquiring an additional 4,576 shares during the last quarter. Simon Quick Advisors LLC increased its position in Lululemon Athletica by 26.2% in the 4th quarter. Simon Quick Advisors LLC now owns 984 shares of the apparel retailer’s stock valued at $376,000 after acquiring an additional 204 shares during the period. Bourgeon Capital Management LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at $681,000. Finally, Perfromance Wealth Partners LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter worth $242,000. 85.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were 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 in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the 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 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 disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on LULU. Barclays upped their price target on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Raymond James reiterated an “outperform” rating and set a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. TD Securities upped their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, UBS Group lifted their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Two equities 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $391.00.

Lululemon Athletica Stock Performance

LULU stock opened at $400.03 on Friday. The firm has a market cap of $48.72 billion, a P/E ratio of 28.88, a P/E/G ratio of 2.50 and a beta of 1.18. The firm’s fifty day moving average is $367.00 and its 200 day moving average is $306.74. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $491.30.

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, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the business earned $2.53 EPS. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. As a group, analysts forecast that Lululemon Athletica Inc. will post 14.34 EPS for the current year.

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.