Bremer Bank National Association Grows Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Bremer Bank National Association boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 91.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,480 shares of the apparel retailer’s stock after buying an additional 6,919 shares during the period. Bremer Bank National Association’s holdings in Lululemon Athletica were worth $5,537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LULU. SeaCrest Wealth Management LLC increased its stake in Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after purchasing an additional 26 shares during the period. Sunbelt Securities Inc. increased its stake in Lululemon Athletica by 4.6% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after purchasing an additional 42 shares during the period. First Pacific Financial increased its stake in Lululemon Athletica by 1.4% in the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock worth $1,184,000 after purchasing an additional 44 shares during the period. Claro Advisors LLC increased its stake in Lululemon Athletica by 5.6% in the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock worth $345,000 after purchasing an additional 48 shares during the period. Finally, Howard Financial Services LTD. increased its stake in Lululemon Athletica by 5.7% in the fourth quarter. Howard Financial Services LTD. now owns 884 shares of the apparel retailer’s stock worth $338,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 0.7 %

Shares of LULU opened at $373.70 on Monday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $491.30. The stock’s 50 day moving average is $362.61 and its two-hundred day moving average is $304.56. The firm has a market cap 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 issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company earned $2.53 earnings per share. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.18 EPS for the current year.

Analysts Set New Price Targets

LULU has been the topic of a number of recent research reports. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Raymond James reissued an “outperform” rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a research report on Friday, January 10th. Oppenheimer dropped their price objective on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company raised their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $390.33.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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 directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred 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 owned by corporate 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.