Monte Financial Group LLC Has $1.83 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Monte Financial Group LLC lessened its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,794 shares of the apparel retailer’s stock after selling 124 shares during the period. Monte Financial Group LLC’s holdings in Lululemon Athletica were worth $1,833,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Paladin Wealth LLC acquired a new stake in shares of Lululemon Athletica in the third quarter valued at about $29,000. JFS Wealth Advisors LLC grew 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 valued at $31,000 after purchasing an additional 65 shares during the period. Sound Income Strategies LLC lifted its stake in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Armstrong Advisory Group Inc. lifted its holdings in Lululemon Athletica by 110.1% during the third quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 76 shares during the last quarter. Finally, Asset Dedication LLC boosted its holdings in shares of Lululemon Athletica by 402.1% in the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock worth $64,000 after acquiring an additional 189 shares during the period. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Up 3.1 %

NASDAQ LULU opened at $400.03 on Friday. The firm has a 50-day moving average price of $368.60 and a 200 day moving average price of $307.47. The stock has a market capitalization of $48.72 billion, a P/E ratio of 28.88, a P/E/G ratio of 2.50 and a beta of 1.18. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping 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 company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the firm earned $2.53 EPS. The business’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Lululemon Athletica Inc. will post 14.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LULU has been the subject of several research reports. Telsey Advisory Group upped their target price on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. 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 note on Monday, December 9th. Wells Fargo & Company lifted their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Morgan Stanley boosted their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Finally, Robert W. Baird increased their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $391.00.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the company’s 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 sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.