987 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Sovran Advisors LLC

Sovran Advisors LLC purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 987 shares of the apparel retailer’s stock, valued at approximately $384,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Peterson Wealth Services grew its stake in Lululemon Athletica by 1.9% in the 4th quarter. Peterson Wealth Services now owns 8,044 shares of the apparel retailer’s stock worth $3,076,000 after acquiring an additional 149 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $44,000. Focus Financial Network Inc. bought a new stake in Lululemon Athletica during the 4th quarter valued at $241,000. International Private Wealth Advisors LLC bought a new stake in Lululemon Athletica during the 4th quarter valued at $213,000. Finally, Global Wealth Management Investment Advisory Inc. raised its position in Lululemon Athletica by 20.4% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 6,293 shares of the apparel retailer’s stock valued at $2,407,000 after purchasing an additional 1,067 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Trading Down 0.6 %

LULU opened at $395.16 on Thursday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94. The firm has a 50 day moving average of $390.05 and a two-hundred day moving average of $318.66. The firm has a market capitalization of $48.12 billion, a PE ratio of 28.53, a P/E/G ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (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 firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the company posted $2.53 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. As a group, analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction 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 sale, the insider now directly owns 12,429 shares in the company, valued at $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.

Analysts Set New Price Targets

Several brokerages have recently commented on LULU. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Morgan Stanley upped their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective for the company in a research note on Friday, January 10th. Evercore ISI boosted their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus price target of $399.14.

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.