Auxano Advisors LLC Acquires New Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Auxano Advisors LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 707 shares of the apparel retailer's stock, valued at approximately $270,000.

A number of other large investors have also made changes to their positions in LULU. Investment Partners Asset Management Inc. purchased a new position in shares of Lululemon Athletica during the 4th quarter worth $275,000. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Lululemon Athletica by 198.8% in the third 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. Rockefeller Capital Management L.P. lifted its position in Lululemon Athletica by 50.5% during the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer's stock worth $28,070,000 after buying an additional 34,704 shares during the period. Rakuten Securities Inc. boosted its stake in Lululemon Athletica by 876.8% in the 3rd quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer's stock worth $549,000 after buying an additional 1,815 shares during the last quarter. Finally, Coronation Fund Managers Ltd. purchased a new stake in Lululemon Athletica in the 3rd quarter valued at about $1,251,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Price Performance

LULU traded down $17.80 on Monday, reaching $347.81. The company's stock had a trading volume of 1,694,933 shares, compared to its average volume of 1,595,549. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The business's 50 day moving average is $386.81 and its 200 day moving average is $330.27. The stock has a market cap of $42.36 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its 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 company 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 business's revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.53 EPS. As a group, research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LULU shares. JPMorgan Chase & Co. increased their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Jefferies Financial Group reaffirmed an "underperform" rating and set a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. Evercore ISI boosted their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. 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. Finally, UBS Group lifted their target price on Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $399.14.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated 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 owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated 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 owns 12,429 shares of the company's stock, valued at $5,040,456.66. This trade represents 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 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.