Bourgeon Capital Management LLC Buys Shares of 1,781 Lululemon Athletica Inc. (NASDAQ:LULU)

Bourgeon Capital Management LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,781 shares of the apparel retailer's stock, valued at approximately $681,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Perfromance Wealth Partners LLC acquired a new position in Lululemon Athletica in the fourth quarter worth about $242,000. Atomi Financial Group Inc. acquired a new stake in Lululemon Athletica in the fourth quarter worth approximately $330,000. Capricorn Fund Managers Ltd acquired a new stake in Lululemon Athletica in the fourth quarter worth approximately $4,225,000. Alpha Cubed Investments LLC lifted its position in Lululemon Athletica by 3.4% in the fourth quarter. Alpha Cubed Investments LLC now owns 36,301 shares of the apparel retailer's stock worth $13,882,000 after purchasing an additional 1,197 shares during the period. Finally, Royal Fund Management LLC increased its stake in shares of Lululemon Athletica by 10.5% in the fourth quarter. Royal Fund Management LLC now owns 9,610 shares of the apparel retailer's stock worth $3,675,000 after acquiring an additional 915 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LULU shares. JPMorgan Chase & Co. boosted their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. UBS Group raised their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. BMO Capital Markets raised their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Jefferies Financial Group reaffirmed an "underperform" rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. Finally, Barclays raised their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $390.33.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now owns 12,429 shares of the company's stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the 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 sale, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Trading Up 2.3 %

NASDAQ:LULU traded up $8.49 on Wednesday, hitting $381.30. The company's stock had a trading volume of 988,981 shares, compared to its average volume of 1,638,115. The stock has a fifty day moving average of $364.75 and a two-hundred day moving average of $305.63. The firm has a market capitalization of $46.44 billion, a P/E ratio of 27.57, a price-to-earnings-growth 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 announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 earnings per share. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.34 EPS for the current year.

About Lululemon Athletica

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.