Arkadios Wealth Advisors Buys 244 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Arkadios Wealth Advisors grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 9.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,732 shares of the apparel retailer’s stock after acquiring an additional 244 shares during the period. Arkadios Wealth Advisors’ holdings in Lululemon Athletica were worth $1,045,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LULU. International Assets Investment Management LLC raised its holdings in shares of Lululemon Athletica by 74,856.2% in the third 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. Maverick Capital Ltd. bought a new stake in shares of Lululemon Athletica in the 3rd quarter valued at about $93,476,000. The Manufacturers Life Insurance Company raised its holdings in shares of Lululemon Athletica by 136.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after purchasing an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Lululemon Athletica in the 3rd quarter worth approximately $81,405,000. Finally, River Road Asset Management LLC bought a new position in shares of Lululemon Athletica during the third quarter valued at approximately $79,503,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 0.7 %

Shares of Lululemon Athletica stock opened at $373.70 on Monday. The firm has a market cap of $45.51 billion, a PE ratio of 26.98, a P/E/G ratio of 2.71 and a beta of 1.18. The business has a 50-day moving average price of $362.61 and a 200 day moving average price of $304.56. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last announced 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. 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 the consensus estimate of $2.36 billion. During the same period in the prior year, the company posted $2.53 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.18 EPS for the current year.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of the 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 directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Guggenheim upped 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. Citigroup raised their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Evercore ISI increased their price target on shares of Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Telsey Advisory Group lifted their price objective on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Finally, William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Two investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $390.33.

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.