623 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Occidental Asset Management LLC

Occidental Asset Management LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, Holdings Channel.com reports. The fund purchased 623 shares of the apparel retailer’s stock, valued at approximately $238,000.

A number of other large investors also recently made changes to their positions in LULU. Paladin Wealth LLC acquired a new position in Lululemon Athletica in the third quarter valued at $29,000. JFS Wealth Advisors LLC boosted its stake in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after buying an additional 65 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in Lululemon Athletica by 110.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after buying an additional 76 shares during the period. Asset Dedication LLC increased its stake in shares of Lululemon Athletica by 402.1% during the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock valued at $64,000 after acquiring an additional 189 shares during the last quarter. Finally, Avondale Wealth Management acquired a new stake in shares of Lululemon Athletica in the third quarter worth approximately $68,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LULU shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft increased their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Robert W. Baird boosted their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Morgan Stanley raised their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Truist Financial boosted their target price on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $390.33.

Insider Buying and Selling

In related news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was 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 of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $782,736.42. Following the completion of the sale, 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 disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Stock Performance

LULU opened at $373.70 on Friday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30. The company has a 50-day moving average of $361.31 and a 200-day moving average of $304.04. The company has a market capitalization of $45.51 billion, a P/E ratio of 26.98, a PEG ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.53 earnings per share. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.18 earnings per share for the current fiscal 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.