662 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 662 shares of the apparel retailer’s stock, valued at approximately $253,000.

Several other hedge funds have also recently made changes to their positions in LULU. SeaCrest Wealth Management LLC lifted its holdings in Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after purchasing an additional 26 shares during the last quarter. Mather Group LLC. raised its position in shares of Lululemon Athletica by 21.1% in the fourth quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock valued at $68,000 after purchasing an additional 31 shares during the period. Adirondack Trust Co. lifted its stake in shares of Lululemon Athletica by 6.5% during the 4th quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock valued at $249,000 after buying an additional 40 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Lululemon Athletica by 4.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after buying an additional 42 shares during the period. Finally, First Pacific Financial raised its holdings in Lululemon Athletica by 1.4% during the 4th quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock valued at $1,184,000 after acquiring an additional 44 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The stock was 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 directly 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 disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Up 0.4 %

NASDAQ LULU opened at $399.71 on Tuesday. The stock’s fifty day moving average price is $387.61 and its 200-day moving average price is $316.58. The stock has a market cap of $48.68 billion, a P/E ratio of 28.86, a P/E/G ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LULU shares. Wells Fargo & Company lifted their price target on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. raised their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Raymond James reaffirmed an “outperform” rating and set a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Citigroup raised their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Truist Financial increased their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

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.