BankPlus Wealth Management LLC Buys New Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

BankPlus Wealth Management LLC purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 551 shares of the apparel retailer’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lebenthal Global Advisors LLC increased its holdings in shares of Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after acquiring an additional 1,565 shares during the last quarter. United Asset Strategies Inc. boosted its position in Lululemon Athletica by 2.1% during the fourth quarter. United Asset Strategies Inc. now owns 5,739 shares of the apparel retailer’s stock worth $2,195,000 after purchasing an additional 117 shares during the period. KBC Group NV increased its holdings in shares of Lululemon Athletica by 44.9% in the fourth quarter. KBC Group NV now owns 49,873 shares of the apparel retailer’s stock valued at $19,072,000 after purchasing an additional 15,443 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $2,360,000. Finally, Blue Trust Inc. boosted its holdings in shares of Lululemon Athletica by 10.3% during the 4th quarter. Blue Trust Inc. now owns 759 shares of the apparel retailer’s stock worth $290,000 after buying an additional 71 shares during the period. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 0.7 %

LULU opened at $402.90 on Tuesday. The company has a fifty day moving average price of $368.60 and a two-hundred day moving average price of $307.73. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30. The company has a market cap of $49.07 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The business 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%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.53 EPS. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’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 directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. UBS Group boosted their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Citigroup increased their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Telsey Advisory Group boosted their target price on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, BMO Capital Markets boosted their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $391.00.

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.