American Trust Purchases New Position in Lululemon Athletica Inc. (NASDAQ:LULU)

American Trust purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,894 shares of the apparel retailer's stock, valued at approximately $785,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Value Star Asset Management Hong Kong Ltd grew its holdings in shares of Lululemon Athletica by 19,890.3% in the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer's stock valued at $1,390,074,000 after acquiring an additional 4,630,466 shares in the last quarter. International Assets Investment Management LLC boosted its position in Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock worth $243,055,000 after purchasing an additional 894,531 shares during the last quarter. Maverick Capital Ltd. bought a new position in Lululemon Athletica in the 3rd quarter valued at $93,476,000. The Manufacturers Life Insurance Company increased its position in shares of Lululemon Athletica by 136.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer's stock valued at $143,624,000 after purchasing an additional 305,302 shares during the last quarter. Finally, Southpoint Capital Advisors LP bought a new stake in shares of Lululemon Athletica during the 3rd quarter worth $81,405,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analysts Set New Price Targets

LULU has been the subject of several research reports. Oppenheimer reduced their price target on shares of Lululemon Athletica from $445.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, November 27th. Citigroup increased their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. TD Securities lifted their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Stifel Nicolaus reaffirmed a "buy" rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Raymond James raised their price objective on shares of Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $377.63.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 value of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares in the company, valued at approximately $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. Insiders own 0.48% of the company's stock.

Lululemon Athletica Stock Performance

Shares of LULU stock traded up $2.30 on Friday, hitting $391.63. 1,441,988 shares of the company's stock traded hands, compared to its average volume of 2,122,186. The stock has a market capitalization of $48.08 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 2.84 and a beta of 1.23. The company's fifty day simple moving average is $316.39 and its 200 day simple moving average is $290.85. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the firm earned $2.53 earnings per share. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

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.