First Business Financial Services Inc. Boosts Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

First Business Financial Services Inc. lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,215 shares of the apparel retailer’s stock after purchasing an additional 145 shares during the period. First Business Financial Services Inc.’s holdings in Lululemon Athletica were worth $1,612,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Chicago Partners Investment Group LLC purchased a new position in Lululemon Athletica during the 3rd quarter valued at about $221,000. Harbor Capital Advisors Inc. lifted its position in Lululemon Athletica by 6.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,284 shares of the apparel retailer’s stock valued at $1,162,000 after acquiring an additional 242 shares during the period. National Pension Service lifted its position in Lululemon Athletica by 8.7% during the 3rd quarter. National Pension Service now owns 258,150 shares of the apparel retailer’s stock valued at $70,049,000 after acquiring an additional 20,564 shares during the period. Asset Management One Co. Ltd. lifted its position in Lululemon Athletica by 2.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 45,209 shares of the apparel retailer’s stock valued at $12,267,000 after acquiring an additional 973 shares during the period. Finally, QRG Capital Management Inc. lifted its position in Lululemon Athletica by 15.4% during the 3rd quarter. QRG Capital Management Inc. now owns 4,467 shares of the apparel retailer’s stock valued at $1,212,000 after acquiring an additional 595 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Up 1.2 %

Shares of LULU stock opened at $349.53 on Thursday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The stock has a market cap of $42.57 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.22 and a beta of 1.21. The company has a 50 day simple moving average of $384.57 and a two-hundred day simple moving average of $331.65.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 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 business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the company earned $2.53 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Oppenheimer lifted their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Barclays lifted their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. BMO Capital Markets lifted their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Evercore ISI upped their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Morgan Stanley upped their target price on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now directly 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 document filed with the SEC, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is 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.