Bradley & Co. Private Wealth Management LLC Acquires New Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, HoldingsChannel.com reports. The fund bought 84 shares of the apparel retailer’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Lululemon Athletica in the 3rd quarter valued at $239,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Lululemon Athletica by 19.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,481 shares of the apparel retailer’s stock worth $8,255,000 after purchasing an additional 4,791 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Lululemon Athletica by 28.6% in the third quarter. Arkadios Wealth Advisors now owns 2,488 shares of the apparel retailer’s stock worth $675,000 after purchasing an additional 554 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Lululemon Athletica by 14.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 47,314 shares of the apparel retailer’s stock valued at $13,202,000 after buying an additional 6,052 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Lululemon Athletica by 6.5% during the third quarter. State of Alaska Department of Revenue now owns 14,881 shares of the apparel retailer’s stock valued at $4,037,000 after buying an additional 905 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 0.4 %

Shares of NASDAQ:LULU opened at $366.72 on Wednesday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94. The stock has a market capitalization of $44.66 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.22 and a beta of 1.19. The stock has a fifty day simple moving average of $387.44 and a two-hundred day simple moving average of $327.65.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results 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 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 quarter in the previous year, the firm earned $2.53 EPS. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insider Activity

In other news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LULU. Deutsche Bank Aktiengesellschaft boosted their target price on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Oppenheimer boosted their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Citigroup raised their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Evercore ISI upped their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, 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 report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $399.14.

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.