Ieq Capital LLC Has $6.55 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Ieq Capital LLC increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 61.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,139 shares of the apparel retailer’s stock after acquiring an additional 6,529 shares during the period. Ieq Capital LLC’s holdings in Lululemon Athletica were worth $6,554,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Symphony Financial Ltd. Co. acquired a new position in shares of Lululemon Athletica in the third quarter valued at approximately $212,000. Tempus Wealth Planning LLC bought a new position in shares of Lululemon Athletica during the third quarter valued at $262,000. Private Advisor Group LLC lifted its holdings in shares of Lululemon Athletica by 61.8% during the third quarter. Private Advisor Group LLC now owns 15,213 shares of the apparel retailer’s stock worth $4,128,000 after purchasing an additional 5,813 shares during the period. Greenleaf Trust grew its stake in shares of Lululemon Athletica by 4.7% in the third quarter. Greenleaf Trust now owns 2,492 shares of the apparel retailer’s stock worth $676,000 after purchasing an additional 113 shares during the last quarter. Finally, Monte Financial Group LLC increased its holdings in Lululemon Athletica by 90.1% in the third quarter. Monte Financial Group LLC now owns 4,918 shares of the apparel retailer’s stock valued at $1,334,000 after purchasing an additional 2,331 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on LULU. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a report on Friday, January 10th. BMO Capital Markets lifted 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. Evercore ISI increased their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $399.14.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $365.82 on Friday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The company has a market cap of $44.55 billion, a PE ratio of 26.41, a PEG ratio of 2.26 and a beta of 1.19. The firm has a 50-day moving average of $389.00 and a 200-day moving average of $323.73.

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

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company’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 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 document filed with the SEC, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction that occurred 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 transaction, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica 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.