TFG Advisers LLC Has $358,000 Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

TFG Advisers LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 20.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 935 shares of the apparel retailer’s stock after selling 246 shares during the quarter. TFG Advisers LLC’s holdings in Lululemon Athletica were worth $358,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at $36,000. Live Oak Private Wealth LLC boosted its holdings in shares of Lululemon Athletica by 0.5% during the 4th quarter. Live Oak Private Wealth LLC now owns 13,710 shares of the apparel retailer’s stock worth $5,243,000 after buying an additional 74 shares during the period. Ameliora Wealth Management Ltd. acquired a new position in Lululemon Athletica in the 4th quarter valued at about $38,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Lululemon Athletica by 0.4% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,930 shares of the apparel retailer’s stock valued at $9,533,000 after acquiring an additional 100 shares during the period. Finally, Argus Investors Counsel Inc. acquired a new stake in Lululemon Athletica during the fourth quarter worth approximately $230,000. Institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LULU shares. Guggenheim upped their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. TD Cowen increased their price objective on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. KeyCorp boosted their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, 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 report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have given 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 an average price target of $399.67.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $398.10 on Friday. The firm’s fifty day moving average price is $386.06 and its two-hundred day moving average price is $315.24. The stock has a market cap of $48.48 billion, a PE ratio of 28.74, a PEG ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94.

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

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on Thursday, December 26th. The stock was 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 in the company, 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 SEC, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

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.