Bremer Bank National Association Purchases 6,919 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Bremer Bank National Association grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 91.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,480 shares of the apparel retailer's stock after buying an additional 6,919 shares during the period. Bremer Bank National Association's holdings in Lululemon Athletica were worth $5,537,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LULU. Wealth Management Partners LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $217,000. Diversify Wealth Management LLC acquired a new stake in Lululemon Athletica in the fourth quarter worth approximately $229,000. Liberty One Investment Management LLC increased its position in shares of Lululemon Athletica by 24.4% during the 4th quarter. Liberty One Investment Management LLC now owns 3,382 shares of the apparel retailer's stock valued at $1,293,000 after purchasing an additional 664 shares during the period. Clarius Group LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter worth $232,000. Finally, J2 Capital Management Inc acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at $486,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Up 0.7 %

Shares of LULU traded up $2.71 during mid-day trading on Monday, hitting $373.70. 1,340,496 shares of the company's stock were exchanged, compared to its average volume of 1,265,866. The stock has a market cap of $45.51 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 2.71 and a beta of 1.18. The firm has a fifty day moving average of $362.61 and a two-hundred day moving average of $304.59. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month 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 net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the business posted $2.53 earnings per share. The business's quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that Lululemon Athletica Inc. will post 14.18 earnings per share for the current year.

Insider Buying and Selling

In other 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 value of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 transaction 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. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LULU shares. Citigroup raised their price objective 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. Barclays raised their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an "equal weight" rating in a report on Thursday. Evercore ISI upped their price target on Lululemon Athletica from $300.00 to $355.00 and gave the company an "outperform" rating in a report on Monday, December 2nd. Oppenheimer reduced their price objective on Lululemon Athletica from $445.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group reaffirmed an "underperform" rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $390.33.

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.