Alpha Cubed Investments LLC Acquires 1,197 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Alpha Cubed Investments LLC increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,301 shares of the apparel retailer's stock after buying an additional 1,197 shares during the period. Alpha Cubed Investments LLC's holdings in Lululemon Athletica were worth $13,882,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LULU. SeaCrest Wealth Management LLC increased its stake in Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock valued at $389,000 after purchasing an additional 26 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Lululemon Athletica by 4.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer's stock valued at $258,000 after buying an additional 42 shares during the period. First Pacific Financial increased its position in Lululemon Athletica by 1.4% in the 4th quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer's stock valued at $1,184,000 after buying an additional 44 shares in the last quarter. Claro Advisors LLC raised its stake in Lululemon Athletica by 5.6% during the 4th quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer's stock worth $345,000 after buying an additional 48 shares during the period. Finally, Howard Financial Services LTD. boosted its holdings in Lululemon Athletica by 5.7% in the fourth quarter. Howard Financial Services LTD. now owns 884 shares of the apparel retailer's stock worth $338,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in 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 research report on Friday, January 10th. Morgan Stanley lifted their price objective on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. Guggenheim upped their target price 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. Barclays lifted their price target on Lululemon Athletica from $378.00 to $411.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Finally, William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $390.33.

Lululemon Athletica Price Performance

NASDAQ:LULU traded down $2.26 during trading hours on Tuesday, hitting $371.44. The stock had a trading volume of 1,028,407 shares, compared to its average volume of 1,600,539. The company has a 50 day simple moving average of $363.72 and a two-hundred day simple moving average of $305.10. The firm has a market capitalization of $45.23 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 2.44 and a beta of 1.18. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $491.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the previous year, the business earned $2.53 earnings per share. The firm's revenue was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.33 earnings per share for the current year.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The stock was 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 owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now 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 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.