Ameritas Advisory Services LLC Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Ameritas Advisory Services LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,954 shares of the apparel retailer's stock, valued at approximately $3,042,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock worth $669,036,000 after purchasing an additional 44,294 shares during the period. Legal & General Group Plc increased its holdings in Lululemon Athletica by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer's stock worth $310,763,000 after purchasing an additional 37,239 shares during the period. International Assets Investment Management LLC increased its holdings in Lululemon Athletica by 74,856.2% during the 3rd 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 period. Charles Schwab Investment Management Inc. increased its holdings in Lululemon Athletica by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer's stock worth $190,567,000 after purchasing an additional 19,808 shares during the period. Finally, Montrusco Bolton Investments Inc. increased its holdings in Lululemon Athletica by 43.5% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock worth $166,016,000 after purchasing an additional 185,440 shares during the period. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Trading Up 0.7 %

Shares of LULU traded up $2.71 during mid-day trading on Monday, hitting $373.70. The company's stock had a trading volume of 1,340,496 shares, compared to its average volume of 1,265,866. The firm has a 50-day simple moving average of $362.61 and a 200 day simple moving average of $304.59. The firm has a market capitalization of $45.51 billion, a P/E ratio of 26.98, a P/E/G ratio of 2.71 and a beta of 1.18. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $2.53 EPS. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LULU has been the topic of several recent research reports. BMO Capital Markets upped their price target on Lululemon Athletica from $265.00 to $302.00 and gave the stock a "market perform" rating in a report on Friday, December 6th. Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Jefferies Financial Group reiterated an "underperform" rating and issued a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a report on Monday, December 9th. Finally, KeyCorp increased their price objective on Lululemon Athletica from $350.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat, Lululemon Athletica currently has an average rating of "Moderate Buy" and an average price target of $390.33.

Insider Activity at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the firm's 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 transaction, the insider now directly owns 12,429 shares of the company's stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the firm's stock in a transaction 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 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 position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

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.