Brookstone Capital Management Has $770,000 Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Brookstone Capital Management boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 106.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,014 shares of the apparel retailer's stock after acquiring an additional 1,038 shares during the period. Brookstone Capital Management's holdings in Lululemon Athletica were worth $770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of LULU. Sunbelt Securities Inc. raised its position in shares of Lululemon Athletica by 4.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer's stock worth $258,000 after purchasing an additional 42 shares during the last quarter. Capital Market Strategies LLC raised its holdings in shares of Lululemon Athletica by 6.5% in the fourth quarter. Capital Market Strategies LLC now owns 820 shares of the apparel retailer's stock worth $314,000 after acquiring an additional 50 shares during the last quarter. Fulton Bank N.A. lifted its position in shares of Lululemon Athletica by 2.7% in the third quarter. Fulton Bank N.A. now owns 2,115 shares of the apparel retailer's stock valued at $574,000 after acquiring an additional 56 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Lululemon Athletica by 11.2% during the second quarter. EverSource Wealth Advisors LLC now owns 598 shares of the apparel retailer's stock valued at $179,000 after acquiring an additional 60 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its position in Lululemon Athletica by 4.6% during the 3rd quarter. Crestwood Advisors Group LLC now owns 1,396 shares of the apparel retailer's stock worth $379,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU traded up $2.71 during trading hours on Friday, hitting $373.70. The stock had a trading volume of 1,333,214 shares, compared to its average volume of 1,628,668. The stock's fifty day simple moving average is $361.31 and its 200 day simple moving average is $304.04. The firm has a market capitalization of $45.51 billion, a price-to-earnings ratio of 26.98, a PEG 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 issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company posted $2.53 EPS. The firm's quarterly revenue was up 9.1% on a year-over-year basis. As a group, research analysts anticipate that Lululemon Athletica Inc. will post 14.18 EPS for the current year.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on 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 in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares in the company, valued at approximately $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. Company insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Evercore ISI increased their target price on Lululemon Athletica from $300.00 to $355.00 and gave the stock an "outperform" rating in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft increased their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. UBS Group lifted their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Finally, Barclays boosted their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an "equal weight" rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica has a consensus rating of "Moderate Buy" and an average target price 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.