Lululemon Athletica Inc. (NASDAQ:LULU) Stock Position Lifted by First Pacific Financial

First Pacific Financial lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,096 shares of the apparel retailer’s stock after acquiring an additional 44 shares during the period. First Pacific Financial’s holdings in Lululemon Athletica were worth $1,184,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Occidental Asset Management LLC bought a new stake in Lululemon Athletica during the fourth quarter valued at $238,000. Greenhouse Wealth Management LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at about $229,000. Empirical Asset Management LLC grew its position in shares of Lululemon Athletica by 3,093.2% during the 4th quarter. Empirical Asset Management LLC now owns 27,270 shares of the apparel retailer’s stock valued at $10,428,000 after buying an additional 26,416 shares during the last quarter. Eagle Rock Investment Company LLC raised its stake in Lululemon Athletica by 15.9% during the fourth quarter. Eagle Rock Investment Company LLC now owns 7,272 shares of the apparel retailer’s stock worth $2,781,000 after acquiring an additional 1,000 shares during the period. Finally, Shulman DeMeo Asset Management LLC bought a new position in Lululemon Athletica in the fourth quarter worth about $222,000. 85.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LULU has been the topic of a number of research reports. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a research report on Friday, January 10th. KeyCorp raised their target price on Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Telsey Advisory Group boosted their price target on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a report on Tuesday. TD Securities increased their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $390.33.

Insider Activity

In related news, 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 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 approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $370.99 on Friday. The business’s fifty day moving average is $360.19 and its two-hundred day moving average is $303.57. The stock has a market capitalization of $45.18 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.71 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.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share 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 for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the firm posted $2.53 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.18 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.