Davidson Capital Management Inc. Purchases 433 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Davidson Capital Management Inc. boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,557 shares of the apparel retailer’s stock after purchasing an additional 433 shares during the quarter. Lululemon Athletica comprises 1.1% of Davidson Capital Management Inc.’s investment portfolio, making the stock its 16th biggest position. Davidson Capital Management Inc.’s holdings in Lululemon Athletica were worth $4,037,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LULU. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica in the third quarter worth $29,000. JFS Wealth Advisors LLC increased its stake in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Sound Income Strategies LLC raised its holdings 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 purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $36,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at about $38,000. 85.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the firm’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 transaction, the insider now owns 12,429 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $397.63 on Wednesday. The business’s 50-day moving average is $388.91 and its 200 day moving average is $317.65. The stock has a market capitalization of $48.42 billion, a PE ratio of 28.71, a PEG ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion for 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%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $2.53 EPS. As a group, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analyst Weigh In

LULU has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 target price on shares of Lululemon Athletica in a research note on Monday, December 2nd. BMO Capital Markets raised their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Morgan Stanley increased their target price on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Finally, William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

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.