Mayfair Advisory Group LLC Purchases New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

Mayfair Advisory Group LLC acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 543 shares of the apparel retailer’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC raised its position 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 buying an additional 44,294 shares in the last quarter. Legal & General Group Plc increased its stake in Lululemon Athletica by 3.7% during 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 during the period. International Assets Investment Management LLC raised its holdings in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after acquiring an additional 894,531 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Lululemon Athletica by 38.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after acquiring an additional 203,882 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 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 worth $190,567,000 after purchasing an additional 19,808 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LULU shares. UBS Group upped their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Citigroup boosted their target price 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. Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a research report on Monday, December 2nd. Morgan Stanley upped their target price on Lululemon Athletica from $345.00 to $414.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Evercore ISI raised their target price on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $383.23.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $388.74 on Wednesday. The firm has a 50 day moving average price of $358.92 and a two-hundred day moving average price of $303.06. 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 $47.34 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 2.78 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released 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 net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the business earned $2.53 earnings per share. Lululemon Athletica’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.17 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The shares were 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 owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

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.