Capital Market Strategies LLC Boosts Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Capital Market Strategies LLC lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 820 shares of the apparel retailer’s stock after acquiring an additional 50 shares during the period. Capital Market Strategies LLC’s holdings in Lululemon Athletica were worth $314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LULU. Larson Financial Group LLC increased its stake in Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the period. Paladin Wealth LLC purchased a new position in Lululemon Athletica during the third quarter worth about $29,000. HHM Wealth Advisors LLC lifted its position in Lululemon Athletica by 66.7% in the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 46 shares during the period. JFS Wealth Advisors LLC boosted its holdings in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Lululemon Athletica during the 2nd quarter worth approximately $36,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LULU shares. Deutsche Bank Aktiengesellschaft lifted their price target on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Morgan Stanley increased their price target on shares of Lululemon Athletica from $345.00 to $414.00 and gave the company an “overweight” rating in a report on Friday, December 6th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. BMO Capital Markets increased their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, KeyCorp boosted their price target on Lululemon Athletica from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $377.63.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were 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 of the company’s stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the firm’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 transaction, the insider now directly owns 6,198 shares in the company, valued at $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 insiders.

Lululemon Athletica Trading Up 4.0 %

LULU stock traded up $15.06 during trading on Monday, reaching $393.24. The stock had a trading volume of 858,428 shares, compared to its average volume of 1,058,256. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $493.49. The firm has a fifty day moving average price of $347.22 and a 200 day moving average price of $298.82. The company has a market capitalization of $47.89 billion, a P/E ratio of 28.39, a PEG ratio of 2.78 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data 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 company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the business earned $2.53 EPS. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.17 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.