Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Empirical Asset Management LLC

Empirical Asset Management LLC lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 3,093.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,270 shares of the apparel retailer's stock after purchasing an additional 26,416 shares during the quarter. Empirical Asset Management LLC's holdings in Lululemon Athletica were worth $10,428,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in Lululemon Athletica by 38.2% during the second quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer's stock worth $220,423,000 after purchasing an additional 203,882 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Lululemon Athletica by 10.2% in the second quarter. Citizens Financial Group Inc. RI now owns 841 shares of the apparel retailer's stock valued at $251,000 after buying an additional 78 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Lululemon Athletica during the 2nd quarter worth $2,751,000. Axxcess Wealth Management LLC boosted its position in shares of Lululemon Athletica by 52.3% in the 2nd quarter. Axxcess Wealth Management LLC now owns 1,467 shares of the apparel retailer's stock worth $438,000 after buying an additional 504 shares in the last quarter. Finally, Amalgamated Bank grew its stake in Lululemon Athletica by 1.5% in the 2nd quarter. Amalgamated Bank now owns 25,040 shares of the apparel retailer's stock valued at $7,479,000 after acquiring an additional 367 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company's 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction that occurred on Monday, December 9th. The shares were 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 in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

LULU has been the topic of several recent research reports. KeyCorp upped their price target on shares of Lululemon Athletica from $350.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, December 6th. TD Securities increased their target price on Lululemon Athletica from $382.00 to $383.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Wells Fargo & Company boosted their price target on Lululemon Athletica from $350.00 to $375.00 and gave the stock an "equal weight" rating in a report on Wednesday. Evercore ISI upped their price objective on Lululemon Athletica from $300.00 to $355.00 and gave the company an "outperform" rating in a research report on Monday, December 2nd. Finally, Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average target price of $390.33.

Lululemon Athletica Price Performance

LULU stock traded up $2.71 during midday trading on Friday, reaching $373.70. 1,340,496 shares of the company's stock traded hands, compared to its average volume of 1,655,744. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $491.30. The business has a 50-day moving average price of $361.31 and a two-hundred day moving average price of $304.04. The company has a market capitalization of $45.51 billion, a P/E ratio of 26.98, a PEG ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced 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 firm had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the prior year, the company earned $2.53 EPS. The firm's revenue was up 9.1% on a year-over-year basis. As a group, research analysts forecast that Lululemon Athletica Inc. will post 14.18 earnings per share for the current fiscal 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.