J2 Capital Management Inc Makes New $486,000 Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

J2 Capital Management Inc bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,271 shares of the apparel retailer’s stock, valued at approximately $486,000.

A number of other hedge funds have also recently modified their holdings of the stock. Aaron Wealth Advisors LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter worth about $229,000. Wealth Alliance Advisory Group LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $208,000. Moss Adams Wealth Advisors LLC purchased a new position in Lululemon Athletica during the 4th quarter worth approximately $220,000. Ameritas Advisory Services LLC acquired a new position in Lululemon Athletica during the fourth quarter worth approximately $3,042,000. Finally, HB Wealth Management LLC lifted its stake in Lululemon Athletica by 15.4% in the fourth quarter. HB Wealth Management LLC now owns 2,436 shares of the apparel retailer’s stock valued at $932,000 after buying an additional 325 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated 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 sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicole Neuburger sold 2,022 shares of the 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 owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was 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 company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LULU. Raymond James reiterated an “outperform” rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Guggenheim upped their price target on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. KeyCorp lifted their price objective on shares of Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Robert W. Baird upped their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average price target of $390.33.

Lululemon Athletica Stock Performance

LULU stock opened at $373.70 on Friday. The stock’s 50 day moving average price is $362.61 and its 200 day moving average price is $304.54. 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 Inc. has a 1 year low of $226.01 and a 1 year high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data 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 business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.53 earnings per share. On average, research analysts predict that Lululemon Athletica Inc. will post 14.18 earnings per share for the current year.

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.