EFG Asset Management Americas Corp. Has $2.41 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

EFG Asset Management Americas Corp. increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 95.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,295 shares of the apparel retailer's stock after acquiring an additional 3,068 shares during the period. EFG Asset Management Americas Corp.'s holdings in Lululemon Athletica were worth $2,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Edgestream Partners L.P. lifted its stake in Lululemon Athletica by 0.7% in the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after acquiring an additional 25 shares during the last quarter. Marco Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth about $203,000. Ashton Thomas Private Wealth LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth approximately $823,000. Freestone Capital Holdings LLC boosted its holdings in shares of Lululemon Athletica by 291.2% during the 4th quarter. Freestone Capital Holdings LLC now owns 7,491 shares of the apparel retailer's stock worth $2,865,000 after buying an additional 5,576 shares during the period. Finally, Ethos Financial Group LLC acquired a new position in Lululemon Athletica in the 4th quarter valued at $295,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LULU shares. William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Evercore ISI increased their target price on Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Citigroup raised their target price on Lululemon Athletica from $270.00 to $380.00 and gave the company a "neutral" rating in a report on Friday, December 6th. UBS Group upped their price target on Lululemon Athletica from $315.00 to $360.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Finally, Sanford C. Bernstein upgraded shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $399.14.

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Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company'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 transaction, the insider now owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Stock Performance

Lululemon Athletica stock traded down $11.57 on Monday, reaching $332.79. The company's stock had a trading volume of 778,056 shares, compared to its average volume of 1,589,489. The business's fifty day moving average price is $382.97 and its 200 day moving average price is $333.33. The company has a market cap of $40.53 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS 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 firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. The company's revenue was up 9.1% on a year-over-year basis. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current 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.