Sage Capital Advisors llc Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Sage Capital Advisors llc acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 600 shares of the apparel retailer’s stock, valued at approximately $229,000.

Several other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in Lululemon Athletica during the second quarter worth approximately $1,011,000. Caprock Group LLC raised its stake in Lululemon Athletica by 69.8% during the 2nd quarter. Caprock Group LLC now owns 1,817 shares of the apparel retailer’s stock worth $543,000 after acquiring an additional 747 shares in the last quarter. Quest Partners LLC lifted its position in Lululemon Athletica by 145.5% in the second quarter. Quest Partners LLC now owns 1,679 shares of the apparel retailer’s stock valued at $502,000 after acquiring an additional 995 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Lululemon Athletica in the second quarter valued at $36,000. Finally, Choreo LLC grew its holdings in shares of Lululemon Athletica by 680.1% during the second quarter. Choreo LLC now owns 5,601 shares of the apparel retailer’s stock worth $1,691,000 after purchasing an additional 4,883 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Up 0.9 %

Shares of Lululemon Athletica stock traded up $3.57 during trading hours on Friday, reaching $396.49. The stock had a trading volume of 645,721 shares, compared to its average volume of 1,254,574. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $491.30. The firm has a 50 day simple moving average of $354.43 and a two-hundred day simple moving average of $301.28. The firm has a market capitalization of $48.29 billion, a price-to-earnings ratio of 28.63, a P/E/G ratio of 2.78 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released 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 posted $2.53 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Evercore ISI upped their target price on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Morgan Stanley raised their target price on shares of Lululemon Athletica from $345.00 to $414.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Robert W. Baird upped their price target 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. Barclays raised their price objective on shares of Lululemon Athletica from $261.00 to $378.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Finally, UBS Group upped their price target on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $382.73.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.