Peterson Wealth Services Has $3.08 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Peterson Wealth Services boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,044 shares of the apparel retailer’s stock after buying an additional 149 shares during the quarter. Peterson Wealth Services’ holdings in Lululemon Athletica were worth $3,076,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LULU. Paladin Wealth LLC bought a new position in Lululemon Athletica in the third quarter valued at about $29,000. JFS Wealth Advisors LLC boosted its holdings in Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Lululemon Athletica in the fourth quarter valued at about $36,000. Finally, Ameliora Wealth Management Ltd. bought a new position in Lululemon Athletica in the fourth quarter valued at about $38,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock opened at $399.71 on Tuesday. The business’s 50 day simple moving average is $387.61 and its 200 day simple moving average is $316.58. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The firm has a market cap of $48.68 billion, a PE ratio of 28.86, a P/E/G ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.53 EPS. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’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 transaction, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the topic of several recent research reports. Telsey Advisory Group raised their price target on Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. BMO Capital Markets raised their target price on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Evercore ISI raised their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Citigroup raised their target price on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Stifel Nicolaus restated a “buy” rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $399.14.

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.