J2 Capital Management Inc Purchases Shares of 1,271 Lululemon Athletica Inc. (NASDAQ:LULU)

J2 Capital Management Inc acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,271 shares of the apparel retailer's stock, valued at approximately $486,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Paladin Wealth LLC acquired a new position in Lululemon Athletica in the third quarter valued at about $29,000. JFS Wealth Advisors LLC raised its holdings in Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Lululemon Athletica by 110.1% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer's stock worth $39,000 after purchasing an additional 76 shares during the last quarter. Asset Dedication LLC lifted its holdings in Lululemon Athletica by 402.1% during the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer's stock worth $64,000 after buying an additional 189 shares during the last quarter. Finally, Avondale Wealth Management acquired a new position in Lululemon Athletica in the third quarter valued at approximately $68,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

NASDAQ:LULU traded up $2.71 during trading hours on Friday, reaching $373.70. 1,340,496 shares of the company traded hands, compared to its average volume of 1,265,866. The firm's 50-day moving average is $362.61 and its 200-day moving average is $304.56. The stock has a market cap of $45.51 billion, a P/E ratio of 26.98, a P/E/G 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 posted 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 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 analysts' expectations of $2.36 billion. During the same quarter last year, the business posted $2.53 EPS. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LULU shares. Jefferies Financial Group reissued an "underperform" rating and issued a $220.00 price target on shares of Lululemon Athletica in a research report on Monday, December 2nd. Needham & Company LLC raised shares of Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 target price on the stock in a report on Friday, January 10th. Evercore ISI boosted their price target on Lululemon Athletica from $300.00 to $355.00 and gave the company an "outperform" rating in a research report on Monday, December 2nd. Piper Sandler increased their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Finally, Morgan Stanley boosted their target price on Lululemon Athletica from $414.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $390.33.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction 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 position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

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.