Investment Partners Asset Management Inc. Invests $275,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Investment Partners Asset Management Inc. bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 720 shares of the apparel retailer's stock, valued at approximately $275,000.

Several other institutional investors have also added to or reduced their stakes in LULU. Geode Capital Management LLC grew its holdings in Lululemon Athletica by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock worth $669,036,000 after purchasing an additional 44,294 shares during the period. International Assets Investment Management LLC grew its stake in Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock valued at $243,055,000 after acquiring an additional 894,531 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Lululemon Athletica by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer's stock valued at $190,567,000 after acquiring an additional 19,808 shares in the last quarter. Montrusco Bolton Investments Inc. raised its position in shares of Lululemon Athletica by 43.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock worth $166,016,000 after purchasing an additional 185,440 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Lululemon Athletica by 60.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer's stock worth $148,201,000 after purchasing an additional 205,757 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the company's stock in a transaction dated 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 directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % 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.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LULU shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a research note on Monday, December 9th. UBS Group boosted their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. BMO Capital Markets upped their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a "market perform" rating in a report on Friday, December 6th. Citigroup lifted their price target on Lululemon Athletica from $270.00 to $380.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group reissued an "underperform" rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $399.14.

Lululemon Athletica Price Performance

Shares of LULU traded down $24.17 during midday trading on Monday, hitting $366.68. 3,308,549 shares of the company traded hands, compared to its average volume of 1,585,576. The stock has a 50-day moving average of $391.37 and a 200-day moving average of $321.33. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The firm has a market cap of $44.65 billion, a P/E ratio of 26.48, a PEG ratio of 2.51 and a beta of 1.19.

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. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $2.53 EPS. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.