Westside Investment Management Inc. Acquires 50 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Westside Investment Management Inc. grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 16.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 350 shares of the apparel retailer’s stock after buying an additional 50 shares during the quarter. Westside Investment Management Inc.’s holdings in Lululemon Athletica were worth $134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SeaCrest Wealth Management LLC boosted its holdings in shares of Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after buying an additional 26 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Lululemon Athletica by 4.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after purchasing an additional 42 shares during the period. First Pacific Financial raised its position in Lululemon Athletica by 1.4% in the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock worth $1,184,000 after acquiring an additional 44 shares during the period. Claro Advisors LLC increased its position in Lululemon Athletica by 5.6% in the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock worth $345,000 after buying an additional 48 shares in the last quarter. Finally, Howard Financial Services LTD. lifted its holdings in Lululemon Athletica by 5.7% during the fourth quarter. Howard Financial Services LTD. now owns 884 shares of the apparel retailer’s stock valued at $338,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling

In other news, insider Celeste Burgoyne sold 24,870 shares of the firm’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 transaction of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LULU. Truist Financial lifted their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a report on Friday, January 10th. Barclays increased their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Raymond James reissued an “outperform” rating and set a $430.00 target price (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Morgan Stanley lifted their target price on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, Guggenheim upped their target price on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $390.33.

Lululemon Athletica Stock Up 2.7 %

Shares of LULU stock opened at $382.82 on Thursday. The stock has a 50-day simple moving average of $364.75 and a 200 day simple moving average of $305.63. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $491.30. The stock has a market capitalization of $46.62 billion, a P/E ratio of 27.64, a P/E/G ratio of 2.43 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company earned $2.53 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.34 earnings per share for the current year.

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.