JB Capital LLC Makes New $203,000 Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

JB Capital LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 531 shares of the apparel retailer’s stock, valued at approximately $203,000.

A number of other hedge funds have also modified their holdings of the stock. Sound Income Strategies LLC increased its holdings in Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Paladin Wealth LLC acquired a new stake in Lululemon Athletica during the 3rd quarter valued at $29,000. JFS Wealth Advisors LLC increased its holdings in Lululemon Athletica by 127.5% during 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. Armstrong Advisory Group Inc. increased its holdings in Lululemon Athletica by 110.1% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 76 shares in the last quarter. Finally, Asset Dedication LLC boosted its position in Lululemon Athletica by 402.1% in the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock valued at $64,000 after buying an additional 189 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Price Performance

Shares of LULU opened at $410.29 on Tuesday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The company has a 50-day moving average of $378.74 and a 200 day moving average of $312.03. The firm has a market capitalization of $49.97 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.70 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 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 analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.53 EPS. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LULU has been the topic of several recent research reports. Guggenheim raised their price target on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. TD Securities raised their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. raised their price target on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Piper Sandler raised their price target on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research 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 equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $395.67.

Insider Activity

In related news, 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 transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % 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.

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.