Nicola Wealth Management LTD. Invests $12.24 Million in Lululemon Athletica Inc. (NASDAQ:LULU)

Nicola Wealth Management LTD. purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 32,000 shares of the apparel retailer’s stock, valued at approximately $12,237,000.

Several other large investors have also recently modified their holdings of the stock. Kestra Investment Management LLC purchased a new position in Lululemon Athletica in the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica in the 4th quarter worth about $32,000. Sound Income Strategies LLC raised its position in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after buying an additional 65 shares during the last quarter. Asset Planning Inc purchased a new position in Lululemon Athletica in the 4th quarter worth about $33,000. Finally, Golden State Wealth Management LLC purchased a new position in Lululemon Athletica in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the 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 sale, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the 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 sale, the insider now owns 12,429 shares in the company, valued at $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 insiders.

Analyst Ratings Changes

LULU has been the subject of a number of recent analyst reports. Barclays boosted their target price on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Telsey Advisory Group boosted their price target on Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Morgan Stanley boosted their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Evercore ISI boosted their price target on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Citigroup boosted their price target on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

Lululemon Athletica Price Performance

Shares of LULU opened at $347.81 on Tuesday. The stock has a market capitalization of $42.36 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The business’s 50 day simple moving average is $386.10 and its 200-day simple moving average is $330.91.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion for 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%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.53 EPS. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

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.