686 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Jacobi Capital Management LLC

Jacobi Capital Management LLC purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 686 shares of the apparel retailer’s stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LULU. Kestra Investment Management LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Sound Income Strategies LLC lifted its stake in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 65 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $33,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $36,000. 85.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred 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 completion of 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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was 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.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of research analyst reports. TD Cowen raised their price target on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. BMO Capital Markets raised their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Raymond James restated an “outperform” rating and set a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Oppenheimer raised their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective on the stock in a report on Friday, January 10th. One equities research analyst has 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Lululemon Athletica Trading Down 4.9 %

Shares of LULU stock opened at $347.81 on Tuesday. The company has a market capitalization of $42.36 billion, a P/E ratio of 25.11, a P/E/G ratio of 2.22 and a beta of 1.19. The business’s 50 day moving average is $386.10 and its two-hundred day moving average is $330.91. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94.

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

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.