BankPlus Trust Department Makes New $1.03 Million Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

BankPlus Trust Department purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,682 shares of the apparel retailer’s stock, valued at approximately $1,026,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LULU. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in Lululemon Athletica by 1.8% in the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 14,009 shares of the apparel retailer’s stock worth $5,357,000 after purchasing an additional 248 shares in the last quarter. Rothschild Investment LLC lifted its stake in shares of Lululemon Athletica by 97.9% during the fourth quarter. Rothschild Investment LLC now owns 2,155 shares of the apparel retailer’s stock worth $824,000 after buying an additional 1,066 shares during the period. Crestwood Advisors Group LLC grew its holdings in shares of Lululemon Athletica by 12.8% during the fourth quarter. Crestwood Advisors Group LLC now owns 1,574 shares of the apparel retailer’s stock valued at $602,000 after buying an additional 178 shares during the last quarter. RPG Investment Advisory LLC increased its position in shares of Lululemon Athletica by 1.2% in the 4th quarter. RPG Investment Advisory LLC now owns 28,333 shares of the apparel retailer’s stock valued at $10,835,000 after acquiring an additional 328 shares during the period. Finally, Capital Advisors Ltd. LLC raised its stake in Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after acquiring an additional 28 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction 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 in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Guggenheim increased their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Oppenheimer upped their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 7th. UBS Group raised their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Morgan Stanley upped their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $358.97 on Monday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The stock’s fifty day moving average is $388.35 and its two-hundred day moving average is $325.86. The firm has a market capitalization of $43.72 billion, a P/E ratio of 25.92, a PEG ratio of 2.22 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 analysts’ consensus estimates 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 net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.53 earnings per share. On average, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

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.