Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 53.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,563 shares of the apparel retailer's stock after purchasing an additional 1,596 shares during the period. Park Avenue Securities LLC's holdings in Lululemon Athletica were worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LULU. Paladin Wealth LLC purchased a new stake in Lululemon Athletica in the 3rd quarter valued at about $29,000. JFS Wealth Advisors LLC lifted its holdings in Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock worth $31,000 after acquiring an additional 65 shares during the period. Armstrong Advisory Group Inc. boosted its position in Lululemon Athletica by 110.1% in the third 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 grew its stake in Lululemon Athletica by 402.1% in the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer's stock valued at $64,000 after purchasing an additional 189 shares during the period. Finally, Avondale Wealth Management purchased a new stake in shares of Lululemon Athletica during the 3rd quarter valued at $68,000. Institutional investors own 85.20% of the company's stock.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the company's stock in a transaction on 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 completion of the transaction, the insider now owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the firm's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. 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 note on Monday, December 2nd. Telsey Advisory Group raised their target price on Lululemon Athletica from $430.00 to $445.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. TD Cowen increased their price target on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Finally, Barclays boosted their price objective on Lululemon Athletica from $378.00 to $411.00 and gave the company an "equal weight" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica currently has an average rating of "Moderate Buy" and a consensus price target of $390.33.

Lululemon Athletica Trading Up 0.7 %

NASDAQ LULU traded up $2.71 on Friday, hitting $373.70. The company's stock had a trading volume of 1,340,496 shares, compared to its average volume of 1,265,866. The firm has a market cap 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 Inc. has a 52-week low of $226.01 and a 52-week high of $491.30. The company's 50-day simple moving average is $362.61 and its 200 day simple moving average is $304.56.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its 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. The firm had revenue of $2.40 billion for 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 business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.53 EPS. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.18 EPS 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.