Capital Market Strategies LLC Increases Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Capital Market Strategies LLC increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 820 shares of the apparel retailer’s stock after purchasing an additional 50 shares during the quarter. Capital Market Strategies LLC’s holdings in Lululemon Athletica were worth $314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LULU. Shepherd Financial Partners LLC bought a new stake in shares of Lululemon Athletica in the 3rd quarter valued at about $953,000. XTX Topco Ltd boosted its stake in Lululemon Athletica by 281.4% in the second quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock valued at $2,657,000 after acquiring an additional 6,562 shares in the last quarter. Rheos Capital Works Inc. increased its position in shares of Lululemon Athletica by 19.2% during the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after purchasing an additional 2,500 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Lululemon Athletica by 198.8% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock valued at $1,844,000 after purchasing an additional 4,564 shares during the last quarter. Finally, Caxton Associates LP boosted its position in shares of Lululemon Athletica by 6,702.7% in the 2nd quarter. Caxton Associates LP now owns 60,000 shares of the apparel retailer’s stock worth $17,922,000 after purchasing an additional 59,118 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 4.0 %

LULU traded up $15.06 on Monday, hitting $393.24. 858,428 shares of the company’s stock were exchanged, compared to its average volume of 1,058,256. The stock has a market cap of $47.89 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 2.78 and a beta of 1.18. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $493.49. The firm has a 50-day moving average price of $347.22 and a 200-day moving average price of $298.82.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 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 business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm earned $2.53 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts predict that Lululemon Athletica Inc. will post 14.17 EPS for the current year.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LULU shares. Robert W. Baird raised their price target on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. JPMorgan Chase & Co. raised their price target on shares of Lululemon Athletica from $338.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, Citigroup lifted their price target on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $377.63.

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.