Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Center for Financial Planning Inc.

Center for Financial Planning Inc. boosted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 416.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258 shares of the apparel retailer’s stock after acquiring an additional 208 shares during the period. Center for Financial Planning Inc.’s holdings in Lululemon Athletica were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LULU. CWM LLC raised its holdings in Lululemon Athletica by 13.7% in the third quarter. CWM LLC now owns 3,294 shares of the apparel retailer’s stock valued at $894,000 after acquiring an additional 398 shares in the last quarter. Asset Dedication LLC increased its stake in Lululemon Athletica by 402.1% during the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock valued at $64,000 after purchasing an additional 189 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Lululemon Athletica by 23.8% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 4,499 shares of the apparel retailer’s stock valued at $1,221,000 after purchasing an additional 864 shares during the last quarter. nVerses Capital LLC increased its stake in Lululemon Athletica by 50.0% during the third quarter. nVerses Capital LLC now owns 2,100 shares of the apparel retailer’s stock valued at $570,000 after purchasing an additional 700 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its stake in Lululemon Athletica by 30.6% during the third quarter. V Square Quantitative Management LLC now owns 3,181 shares of the apparel retailer’s stock valued at $863,000 after purchasing an additional 746 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Trading Down 6.2 %

Shares of NASDAQ LULU opened at $366.68 on Friday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The company has a market capitalization of $44.65 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.51 and a beta of 1.19. The firm has a 50-day moving average of $392.03 and a two-hundred day moving average of $319.70.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm earned $2.53 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LULU shares. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price for the company in a research note on Friday, January 10th. Robert W. Baird boosted their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. UBS Group boosted their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $399.14.

Insider Buying and Selling at Lululemon Athletica

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

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.