Commerzbank Aktiengesellschaft FI Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Commerzbank Aktiengesellschaft FI bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 729 shares of the apparel retailer’s stock, valued at approximately $280,000.

Other hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Sound Income Strategies LLC lifted its position in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after buying an additional 65 shares in the last quarter. Asset Planning Inc bought a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $33,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $36,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $349.53 on Thursday. The firm has a fifty day moving average price of $384.57 and a two-hundred day moving average price of $331.65. 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 $42.57 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.22 and a beta of 1.21.

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 analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm posted $2.53 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LULU has been the subject of several research analyst reports. Raymond James restated an “outperform” rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Morgan Stanley raised their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Guggenheim raised their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Wells Fargo & Company raised their price target on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction 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 completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

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.