West Coast Financial LLC Buys 320 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

West Coast Financial LLC boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the apparel retailer’s stock after purchasing an additional 320 shares during the quarter. Lululemon Athletica comprises 1.3% of West Coast Financial LLC’s investment portfolio, making the stock its 19th biggest position. West Coast Financial LLC’s holdings in Lululemon Athletica were worth $11,472,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. increased its position in shares of Lululemon Athletica by 29.6% in the second quarter. J.W. Cole Advisors Inc. now owns 1,394 shares of the apparel retailer’s stock valued at $416,000 after acquiring an additional 318 shares during the period. Dimensional Fund Advisors LP grew its position in 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 purchasing an additional 203,882 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in Lululemon Athletica by 10.2% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 841 shares of the apparel retailer’s stock valued at $251,000 after purchasing an additional 78 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Lululemon Athletica during the second quarter valued at $2,751,000. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Lululemon Athletica by 52.3% during the second quarter. Axxcess Wealth Management LLC now owns 1,467 shares of the apparel retailer’s stock valued at $438,000 after purchasing an additional 504 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 0.0 %

Shares of LULU stock opened at $376.68 on Thursday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $491.30. The stock has a 50 day moving average of $358.92 and a 200 day moving average of $303.06. The stock has a market cap of $45.87 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last posted 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. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.53 EPS. On average, research analysts predict that Lululemon Athletica Inc. will post 14.18 earnings per share for the current fiscal year.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were 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. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LULU shares. JPMorgan Chase & Co. upped their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday. Telsey Advisory Group lifted their price objective on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research report on Tuesday. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Barclays upped their target price on shares of Lululemon Athletica from $261.00 to $378.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Finally, TD Cowen upped their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $389.23.

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.