Greenhouse Wealth Management LLC Takes $229,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Greenhouse Wealth Management LLC purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 600 shares of the apparel retailer’s stock, valued at approximately $229,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC lifted its holdings in Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after buying an additional 26 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Lululemon Athletica by 4.6% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after purchasing an additional 42 shares during the last quarter. Claro Advisors LLC boosted its holdings 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 purchasing an additional 48 shares during the period. Capital Market Strategies LLC boosted its holdings in Lululemon Athletica by 6.5% in the fourth quarter. Capital Market Strategies LLC now owns 820 shares of the apparel retailer’s stock worth $314,000 after purchasing an additional 50 shares during the period. Finally, Fulton Bank N.A. increased its stake in Lululemon Athletica by 2.7% during the third quarter. Fulton Bank N.A. now owns 2,115 shares of the apparel retailer’s stock valued at $574,000 after purchasing an additional 56 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on LULU. Morgan Stanley lifted their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their target price on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Evercore ISI increased their price target on Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. Finally, BMO Capital Markets upped their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Two analysts have 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 data from MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and an average target price of $390.33.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $370.99 on Friday. The firm has a market cap of $45.18 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth 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. The firm’s 50 day moving average price is $360.19 and its two-hundred day moving average price is $303.57.

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 analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.53 EPS. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now owns 6,198 shares in the company, valued at $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 currently owned by company insiders.

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.