Patron Partners LLC Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Patron Partners LLC purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 660 shares of the apparel retailer's stock, valued at approximately $252,000.

Other institutional investors have also modified their holdings of the company. SeaCrest Wealth Management LLC raised its stake in Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock valued at $389,000 after buying an additional 26 shares in the last quarter. Adirondack Trust Co. raised its stake in Lululemon Athletica by 6.5% during the fourth quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer's stock valued at $249,000 after buying an additional 40 shares in the last quarter. Sunbelt Securities Inc. raised its stake in Lululemon Athletica by 4.6% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer's stock valued at $258,000 after buying an additional 42 shares in the last quarter. First Pacific Financial raised its stake in Lululemon Athletica by 1.4% during the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer's stock valued at $1,184,000 after buying an additional 44 shares in the last quarter. Finally, Claro Advisors LLC raised its stake in Lululemon Athletica by 5.6% during the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer's stock valued at $345,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU traded down $3.10 on Wednesday, reaching $412.80. 1,186,359 shares of the company traded hands, compared to its average volume of 1,626,316. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The company's 50 day moving average is $382.35 and its 200-day moving average is $313.87. The stock has a market capitalization of $50.27 billion, a PE ratio of 29.81, a P/E/G ratio of 2.70 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating 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 company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. The company's quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insider Activity

In other news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction 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 owns 6,198 shares of the company's stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on LULU. Deutsche Bank Aktiengesellschaft upped their target price on Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a report on Monday, December 9th. UBS Group upped their target price on Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Jefferies Financial Group reaffirmed an "underperform" rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Barclays upped their target price on Lululemon Athletica from $378.00 to $411.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Finally, William Blair reaffirmed an "outperform" rating on shares of Lululemon Athletica in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $395.67.

Lululemon Athletica Company 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.