Miracle Mile Advisors LLC Acquires 2,195 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Miracle Mile Advisors LLC raised its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 140.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,755 shares of the apparel retailer’s stock after buying an additional 2,195 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Lululemon Athletica were worth $1,436,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Shepherd Financial Partners LLC bought a new stake in shares of Lululemon Athletica during the third quarter valued at approximately $953,000. XTX Topco Ltd boosted its position in shares of Lululemon Athletica by 281.4% during the second quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock valued at $2,657,000 after purchasing an additional 6,562 shares in the last quarter. Rheos Capital Works Inc. boosted its position in shares of Lululemon Athletica by 19.2% during the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after purchasing an additional 2,500 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Lululemon Athletica by 198.8% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock valued at $1,844,000 after purchasing an additional 4,564 shares in the last quarter. Finally, Caxton Associates LP boosted its position in shares of Lululemon Athletica by 6,702.7% during the second quarter. Caxton Associates LP now owns 60,000 shares of the apparel retailer’s stock valued at $17,922,000 after purchasing an additional 59,118 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LULU shares. JPMorgan Chase & Co. lifted their price target on Lululemon Athletica from $425.00 to $428.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Oppenheimer dropped their price target on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Guggenheim lifted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays lifted their price objective on Lululemon Athletica from $261.00 to $378.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, KeyCorp lifted their price objective on Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $383.23.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $388.74 on Wednesday. The stock has a fifty day moving average of $358.92 and a 200 day moving average of $303.06. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $491.30. The stock has a market cap of $47.34 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company posted $2.53 earnings per share. Lululemon Athletica’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.17 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents 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.