Gateway Investment Advisers LLC Has $17.24 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Gateway Investment Advisers LLC raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 54.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 45,072 shares of the apparel retailer’s stock after purchasing an additional 15,973 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Lululemon Athletica were worth $17,236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. West Coast Financial LLC increased its stake in shares of Lululemon Athletica by 1.1% in the fourth quarter. West Coast Financial LLC now owns 30,000 shares of the apparel retailer’s stock worth $11,472,000 after acquiring an additional 320 shares during the last quarter. Outlook Wealth Advisors LLC grew its stake in Lululemon Athletica by 35.9% in the fourth quarter. Outlook Wealth Advisors LLC now owns 1,530 shares of the apparel retailer’s stock valued at $585,000 after purchasing an additional 404 shares in the last quarter. Park Avenue Securities LLC increased its position in Lululemon Athletica by 53.8% in the 4th quarter. Park Avenue Securities LLC now owns 4,563 shares of the apparel retailer’s stock worth $1,745,000 after purchasing an additional 1,596 shares during the last quarter. Crestmont Private Wealth LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $227,000. Finally, Oak Thistle LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at about $334,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred on 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 owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on Monday, December 9th. The shares were 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 directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % 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 Trading Down 1.5 %

Shares of LULU stock opened at $370.99 on Friday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $491.30. The company has a market capitalization of $45.18 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.71 and a beta of 1.18. The stock has a 50 day moving average of $360.19 and a two-hundred day moving average of $303.57.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $2.53 earnings per share. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on LULU shares. Raymond James restated an “outperform” rating and issued a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday. TD Securities increased their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Telsey Advisory Group lifted 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. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $390.33.

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.