Sound Income Strategies LLC Acquires 65 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Sound Income Strategies LLC increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 309.5% during the 4th quarter, HoldingsChannel reports. The fund owned 86 shares of the apparel retailer’s stock after buying an additional 65 shares during the period. Sound Income Strategies LLC’s holdings in Lululemon Athletica were worth $33,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Public Sector Pension Investment Board grew its stake in shares of Lululemon Athletica by 70.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,379 shares of the apparel retailer’s stock worth $1,308,000 after buying an additional 1,816 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Lululemon Athletica by 92.7% during the second quarter. AQR Capital Management LLC now owns 106,730 shares of the apparel retailer’s stock valued at $31,823,000 after acquiring an additional 51,355 shares in the last quarter. MBB Public Markets I LLC bought a new position in shares of Lululemon Athletica during the second quarter valued at $2,462,000. The Manufacturers Life Insurance Company raised its position in shares of Lululemon Athletica by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 223,993 shares of the apparel retailer’s stock worth $66,907,000 after purchasing an additional 14,153 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Lululemon Athletica by 13.8% in the 2nd quarter. Mackenzie Financial Corp now owns 10,841 shares of the apparel retailer’s stock worth $3,238,000 after purchasing an additional 1,314 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $400.03 on Friday. The stock has a market cap of $48.72 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $491.30. The firm has a fifty day moving average price of $368.60 and a 200-day moving average price of $307.47.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the business posted $2.53 EPS. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts expect that Lululemon Athletica Inc. will post 14.34 EPS for the current year.

Analyst Ratings Changes

LULU has been the subject of a number of analyst reports. UBS Group raised their price objective 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. KeyCorp upped their price objective on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday. TD Securities lifted their target price on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a report on Friday, January 10th. Finally, BMO Capital Markets increased their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $391.00.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica 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 sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction 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 owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was 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 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.