Citizens National Bank Trust Department Buys Shares of 1,567 Lululemon Athletica Inc. (NASDAQ:LULU)

Citizens National Bank Trust Department 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 1,567 shares of the apparel retailer's stock, valued at approximately $599,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LULU. Beacon Capital Management LLC increased its holdings in Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after purchasing an additional 24 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock valued at $389,000 after purchasing an additional 26 shares in the last quarter. Mather Group LLC. lifted its position in shares of Lululemon Athletica by 21.1% during the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer's stock worth $68,000 after purchasing an additional 31 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Lululemon Athletica by 53.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 33 shares during the last quarter. Finally, Adirondack Trust Co. grew its stake in shares of Lululemon Athletica by 6.5% during the fourth quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer's stock worth $249,000 after purchasing an additional 40 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Telsey Advisory Group boosted their price objective on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. Guggenheim boosted their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a research note on Friday, December 6th. UBS Group raised their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Jefferies Financial Group reiterated an "underperform" rating and set a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. Finally, Evercore ISI increased their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $399.14.

Insider Activity

In related news, insider Celeste Burgoyne sold 24,870 shares of the company's stock in a transaction on 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 sale, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 trade 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.

Lululemon Athletica Stock Down 1.9 %

Shares of NASDAQ:LULU traded down $6.85 during midday trading on Friday, reaching $358.97. The company's stock had a trading volume of 1,400,060 shares, compared to its average volume of 1,614,250. The firm has a market cap of $43.72 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 2.23 and a beta of 1.19. The business has a 50 day moving average price of $389.00 and a 200 day moving average price of $323.73. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly 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. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm posted $2.53 earnings per share. Lululemon Athletica's revenue was up 9.1% on a year-over-year basis. Sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Lululemon Athletica Company 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.