Moss Adams Wealth Advisors LLC Purchases New Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Moss Adams Wealth Advisors LLC acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, HoldingsChannel reports. The fund acquired 576 shares of the apparel retailer’s stock, valued at approximately $220,000.

Other large investors also recently bought and sold shares of the company. Paladin Wealth LLC purchased a new position in Lululemon Athletica in the 3rd quarter valued at about $29,000. JFS Wealth Advisors LLC boosted its stake in shares of Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Lululemon Athletica by 110.1% during the third quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 76 shares in the last quarter. Asset Dedication LLC raised its stake 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 purchasing an additional 189 shares during the last quarter. Finally, Avondale Wealth Management purchased a new position in Lululemon Athletica in the 3rd quarter worth approximately $68,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU opened at $373.70 on Monday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $491.30. The firm has a market cap of $45.51 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 2.71 and a beta of 1.18. The business’s 50-day simple moving average is $362.61 and its 200-day simple moving average is $304.56.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data 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 business had revenue of $2.40 billion during 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 firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.53 EPS. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.18 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, 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. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on LULU shares. Raymond James reaffirmed an “outperform” rating and set a $430.00 target price (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Citigroup increased their price objective on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley boosted their target price on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. BMO Capital Markets raised their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, UBS Group lifted their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $390.33.

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.