Sfmg LLC Purchases New Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Sfmg LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,998 shares of the apparel retailer's stock, valued at approximately $2,984,000.

Other large investors also recently modified their holdings of the company. Value Star Asset Management Hong Kong Ltd boosted its position in Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer's stock valued at $1,390,074,000 after acquiring an additional 4,630,466 shares in the last quarter. Geode Capital Management LLC boosted 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 valued at $669,036,000 after acquiring an additional 44,294 shares in the last quarter. American Century Companies Inc. boosted its position in Lululemon Athletica by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer's stock valued at $528,429,000 after acquiring an additional 82,731 shares in the last quarter. Legal & General Group Plc boosted its position in Lululemon Athletica by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer's stock valued at $310,763,000 after acquiring an additional 37,239 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock valued at $243,055,000 after acquiring an additional 894,531 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LULU. Wells Fargo & Company cut their price objective on Lululemon Athletica from $350.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Friday, August 23rd. Telsey Advisory Group lifted their price objective on Lululemon Athletica from $360.00 to $430.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Bank of America lowered their target price on shares of Lululemon Athletica from $440.00 to $355.00 and set a "buy" rating for the company in a report on Friday, August 30th. Raymond James lifted their target price on shares of Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. Finally, UBS Group lifted their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat, Lululemon Athletica presently has an average rating of "Moderate Buy" and an average price target of $377.63.

Lululemon Athletica Stock Performance

Shares of LULU stock traded down $10.42 during mid-day trading on Thursday, reaching $389.33. 1,568,120 shares of the company's stock traded hands, compared to its average volume of 2,125,005. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The firm has a 50 day moving average price of $313.85 and a two-hundred day moving average price of $290.16. The firm has a market capitalization of $47.80 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the firm posted $2.53 EPS. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts expect that Lululemon Athletica Inc. will post 14.19 earnings per share for the current fiscal year.

Insider Activity

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 486 shares of the company's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company's stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

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.