W.G. Shaheen & Associates DBA Whitney & Co Has $5.36 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

W.G. Shaheen & Associates DBA Whitney & Co increased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,009 shares of the apparel retailer’s stock after purchasing an additional 248 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Lululemon Athletica were worth $5,357,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LULU. Private Advisor Group LLC boosted its position in Lululemon Athletica by 61.8% during the third quarter. Private Advisor Group LLC now owns 15,213 shares of the apparel retailer’s stock valued at $4,128,000 after purchasing an additional 5,813 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Lululemon Athletica during the 3rd quarter valued at about $239,000. Outlook Wealth Advisors LLC grew its stake in shares of Lululemon Athletica by 17.5% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 1,126 shares of the apparel retailer’s stock valued at $306,000 after buying an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Lululemon Athletica by 19.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,481 shares of the apparel retailer’s stock valued at $8,255,000 after acquiring an additional 4,791 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in Lululemon Athletica by 28.6% in the third quarter. Arkadios Wealth Advisors now owns 2,488 shares of the apparel retailer’s stock worth $675,000 after acquiring an additional 554 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, 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 disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Down 1.9 %

LULU stock opened at $358.97 on Monday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The business’s 50 day moving average is $388.35 and its 200-day moving average is $325.86. The firm has a market cap of $43.72 billion, a P/E ratio of 25.92, a P/E/G ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.53 EPS. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. BMO Capital Markets boosted their price target on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Guggenheim boosted their target price on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

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.