Lululemon Athletica Inc. (NASDAQ:LULU) is Franklin Street Advisors Inc. NC’s 7th Largest Position

Franklin Street Advisors Inc. NC grew its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 52.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,263 shares of the apparel retailer’s stock after purchasing an additional 36,184 shares during the period. Lululemon Athletica makes up 2.7% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 7th largest position. Franklin Street Advisors Inc. NC owned 0.09% of Lululemon Athletica worth $40,254,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in Lululemon Athletica in the 2nd quarter valued at about $1,011,000. Caprock Group LLC grew its stake in Lululemon Athletica by 69.8% during the 2nd quarter. Caprock Group LLC now owns 1,817 shares of the apparel retailer’s stock worth $543,000 after buying an additional 747 shares during the last quarter. Quest Partners LLC grew its stake in Lululemon Athletica by 145.5% during the 2nd quarter. Quest Partners LLC now owns 1,679 shares of the apparel retailer’s stock worth $502,000 after buying an additional 995 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Lululemon Athletica during the 2nd quarter worth approximately $36,000. Finally, Choreo LLC lifted its position in Lululemon Athletica by 680.1% during the 2nd quarter. Choreo LLC now owns 5,601 shares of the apparel retailer’s stock worth $1,691,000 after acquiring an additional 4,883 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LULU. Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target for the company in a report on Friday. TD Securities lifted their price target on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Guggenheim lifted their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Oppenheimer decreased their price target on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $381.40.

Lululemon Athletica Stock Down 0.3 %

Shares of LULU stock traded down $1.08 during trading hours on Friday, reaching $391.84. 469,958 shares of the stock traded hands, compared to its average volume of 1,229,803. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30. The business has a fifty day moving average price of $354.43 and a 200 day moving average price of $301.28. The firm has a market capitalization of $47.72 billion, a PE ratio of 28.29, a PEG ratio of 2.78 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data 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 the consensus estimate of $2.36 billion. During the same period in the prior year, the firm earned $2.53 EPS. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. Research analysts expect that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction 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 position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.