EFG Asset Management Americas Corp. Purchases 3,068 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

EFG Asset Management Americas Corp. increased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 95.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,295 shares of the apparel retailer’s stock after purchasing an additional 3,068 shares during the period. EFG Asset Management Americas Corp.’s holdings in Lululemon Athletica were worth $2,407,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LULU. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Lululemon Athletica during the 4th quarter valued at approximately $32,000. Asset Planning Inc bought a new stake in shares of Lululemon Athletica during the fourth quarter valued at approximately $33,000. Sound Income Strategies LLC lifted its stake in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $36,000. Institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Citigroup upped their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. UBS Group lifted their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Robert W. Baird raised their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, TD Securities upped their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. One equities research analyst has 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. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Lululemon Athletica Trading Down 0.5 %

Shares of NASDAQ:LULU opened at $347.94 on Friday. The firm has a fifty day moving average price of $383.81 and a 200 day moving average price of $331.76. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The stock has a market capitalization of $42.37 billion, a PE ratio of 25.12, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last posted 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. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $2.53 EPS. On average, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lululemon Athletica 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 sale, the insider now directly 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the company’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 directly 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 disclosure for this sale can be found here. 0.48% of the stock is owned by company 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.