Rule One Partners LLC Buys New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

Rule One Partners LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,000 shares of the apparel retailer’s stock, valued at approximately $2,677,000. Lululemon Athletica makes up approximately 1.0% of Rule One Partners LLC’s investment portfolio, making the stock its 8th biggest holding.

Several other institutional investors have also recently made changes to their positions in LULU. Donald L. Hagan LLC bought a new position in Lululemon Athletica during the fourth quarter worth about $1,196,000. Mediolanum International Funds Ltd increased its holdings in shares of Lululemon Athletica by 2.5% during the 4th quarter. Mediolanum International Funds Ltd now owns 82,955 shares of the apparel retailer’s stock worth $31,781,000 after acquiring an additional 2,009 shares during the last quarter. Busey Bank bought a new stake in Lululemon Athletica in the 4th quarter valued at $8,116,000. Legacy Trust increased its holdings in shares of Lululemon Athletica by 7.7% in the fourth quarter. Legacy Trust now owns 11,777 shares of the apparel retailer’s stock valued at $4,504,000 after purchasing an additional 837 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $225,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 2.4 %

LULU stock opened at $421.16 on Friday. The firm has a market cap of $51.29 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 2.68 and a beta of 1.18. The company’s fifty day simple moving average is $374.67 and its 200 day simple moving average is $310.08. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping 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 firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company posted $2.53 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LULU has been the topic of several research analyst reports. Guggenheim increased their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a research note on Friday, January 10th. Raymond James reiterated an “outperform” rating and issued a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Finally, Evercore ISI raised their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average target price of $395.67.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

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.