Wealth Management Partners LLC Invests $217,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Wealth Management Partners LLC purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, Holdings Channel.com reports. The firm purchased 567 shares of the apparel retailer’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LULU. Geode Capital Management LLC lifted its holdings in shares of Lululemon Athletica by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after purchasing an additional 44,294 shares in the last quarter. Legal & General Group Plc lifted its stake in Lululemon Athletica by 3.7% in the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after acquiring an additional 37,239 shares in the last quarter. International Assets Investment Management LLC boosted its position in Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after acquiring an additional 894,531 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Lululemon Athletica by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock valued at $190,567,000 after acquiring an additional 19,808 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. increased its holdings in shares of Lululemon Athletica by 43.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock valued at $166,016,000 after purchasing an additional 185,440 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

LULU has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. TD Securities boosted their target price on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Barclays raised their price target on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $390.33.

Lululemon Athletica Trading Up 0.7 %

Shares of NASDAQ:LULU opened at $373.70 on Monday. The firm has a market capitalization of $45.51 billion, a PE ratio of 26.98, a PEG ratio of 2.71 and a beta of 1.18. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30. The business’s 50 day moving average is $362.61 and its 200-day moving average is $304.56.

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. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company earned $2.53 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts predict that Lululemon Athletica Inc. will post 14.18 EPS for the current year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica 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 completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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 transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

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.