Clare Market Investments LLC Buys Shares of 3,295 Lululemon Athletica Inc. (NASDAQ:LULU)

Clare Market Investments LLC bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,295 shares of the apparel retailer’s stock, valued at approximately $1,260,000.

A number of other large investors have also recently bought and sold shares of the stock. Beacon Capital Management LLC grew its holdings in Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 24 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in shares of Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after purchasing an additional 25 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in shares of Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after purchasing an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after purchasing an additional 28 shares during the last quarter. Finally, LGT Fund Management Co Ltd. boosted its holdings in shares of Lululemon Athletica by 3.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU opened at $344.36 on Monday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The firm has a market cap of $41.94 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.22 and a beta of 1.21. The stock’s 50-day simple moving average is $382.97 and its 200-day simple moving average is $333.33.

Lululemon Athletica (NASDAQ:LULU) last announced its 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. 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 for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company earned $2.53 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

LULU has been the topic of several analyst reports. Robert W. Baird raised their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” 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 stock a “neutral” rating in a report on Friday, December 6th. 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. Raymond James restated an “outperform” rating and set a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Finally, Morgan Stanley raised their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

Insider Transactions at Lululemon Athletica

In related 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 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. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica 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.