Oak Thistle LLC Invests $334,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Oak Thistle LLC purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 874 shares of the apparel retailer's stock, valued at approximately $334,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock worth $669,036,000 after buying an additional 44,294 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer's stock worth $310,763,000 after purchasing an additional 37,239 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Lululemon Athletica by 74,856.2% during 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 purchasing an additional 894,531 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Lululemon Athletica by 2.9% in 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 purchasing an additional 19,808 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its holdings in Lululemon Athletica by 43.5% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock worth $166,016,000 after buying an additional 185,440 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Up 0.7 %

Shares of NASDAQ LULU traded up $2.71 during trading hours on Friday, hitting $373.70. The company had a trading volume of 1,340,496 shares, compared to its average volume of 1,265,866. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30. The firm's 50 day moving average is $362.61 and its 200-day moving average is $304.54. The stock has a market capitalization of $45.51 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $2.36 billion. During the same period in the previous year, the business earned $2.53 EPS. Lululemon Athletica's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, sell-side analysts predict that Lululemon Athletica Inc. will post 14.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Telsey Advisory Group lifted their target price on Lululemon Athletica from $430.00 to $445.00 and gave the company an "outperform" rating in a research note on Tuesday. Jefferies Financial Group restated an "underperform" rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Morgan Stanley increased their price objective on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, TD Securities upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat.com, Lululemon Athletica presently has an average rating of "Moderate Buy" and a consensus target price of $390.33.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the 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 in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now directly owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

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.