TFG Advisers LLC Has $358,000 Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

TFG Advisers LLC reduced its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 935 shares of the apparel retailer’s stock after selling 246 shares during the period. TFG Advisers LLC’s holdings in Lululemon Athletica were worth $358,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LULU. Paladin Wealth LLC bought a new stake in Lululemon Athletica in the third quarter worth approximately $29,000. JFS Wealth Advisors LLC grew its position in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after buying an additional 65 shares during the period. Sound Income Strategies LLC increased its stake in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at $36,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at $38,000. 85.20% of the stock is owned by institutional investors.

Insider Activity at Lululemon Athletica

In related news, 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 sale, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s 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 transaction, the insider now 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 disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LULU has been the subject of several research analyst reports. Citigroup lifted their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. UBS Group boosted their target price on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Evercore ISI increased their price target on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. KeyCorp boosted their price objective on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.67.

Lululemon Athletica Stock Down 3.3 %

Lululemon Athletica stock opened at $398.10 on Friday. The firm has a 50 day moving average price of $386.06 and a 200-day moving average price of $315.24. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The company has a market capitalization of $48.48 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.53 earnings per share. Equities analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.