Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Royal Fund Management LLC

Royal Fund Management LLC increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,610 shares of the apparel retailer's stock after buying an additional 915 shares during the quarter. Royal Fund Management LLC's holdings in Lululemon Athletica were worth $3,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LULU. Geode Capital Management LLC boosted its stake in shares of 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 buying an additional 44,294 shares during the last quarter. Legal & General Group Plc raised its holdings in Lululemon Athletica by 3.7% in the 2nd 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 during the period. International Assets Investment Management LLC raised its holdings in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock worth $243,055,000 after purchasing an additional 894,531 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Lululemon Athletica by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer's stock worth $190,567,000 after purchasing an additional 19,808 shares during the period. Finally, Montrusco Bolton Investments Inc. raised its holdings in Lululemon Athletica by 43.5% in the 3rd 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. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lululemon Athletica

In other 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 value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the 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 sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

Lululemon Athletica Stock Performance

Shares of LULU traded down $0.89 during midday trading on Tuesday, hitting $372.81. 2,113,912 shares of the stock were exchanged, compared to its average volume of 1,694,210. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $491.30. The stock has a fifty day simple moving average of $363.72 and a 200 day simple moving average of $305.10. The firm has a market cap of $45.40 billion, a P/E ratio of 26.92, a P/E/G ratio of 2.44 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the business posted $2.53 earnings per share. The company's quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Sanford C. Bernstein raised Lululemon Athletica from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Jefferies Financial Group reaffirmed an "underperform" rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. JPMorgan Chase & Co. increased their target price on Lululemon Athletica from $428.00 to $437.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Barclays increased 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, Deutsche Bank Aktiengesellschaft increased 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $390.33.

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.