FUKOKU MUTUAL LIFE INSURANCE Co Boosts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

FUKOKU MUTUAL LIFE INSURANCE Co increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 821 shares of the apparel retailer’s stock after acquiring an additional 79 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Lululemon Athletica were worth $314,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Crystal Rock Capital Management boosted its stake in Lululemon Athletica by 3.2% in the fourth quarter. Crystal Rock Capital Management now owns 12,830 shares of the apparel retailer’s stock valued at $4,906,000 after acquiring an additional 400 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth $2,978,000. Nwam LLC bought a new position in shares of Lululemon Athletica in the fourth quarter worth $202,000. Cable Hill Partners LLC bought a new position in shares of Lululemon Athletica in the fourth quarter worth $327,000. Finally, Checchi Capital Advisers LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at $314,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Down 0.3 %

Shares of NASDAQ LULU opened at $365.79 on Thursday. The company has a 50-day moving average of $387.32 and a 200 day moving average of $327.92. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94. The stock has a market cap of $44.55 billion, a PE ratio of 26.41, a P/E/G ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the business earned $2.53 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group lifted their target price on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. TD Cowen increased their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Insider Transactions at Lululemon Athletica

In related news, 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 sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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 sale, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This represents a 66.68 % 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 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.