Forte Capital LLC ADV Buys 2,776 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Forte Capital LLC ADV raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,941 shares of the apparel retailer’s stock after acquiring an additional 2,776 shares during the period. Lululemon Athletica makes up 1.4% of Forte Capital LLC ADV’s portfolio, making the stock its 23rd largest holding. Forte Capital LLC ADV’s holdings in Lululemon Athletica were worth $12,215,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Shepherd Financial Partners LLC bought a new stake in shares of Lululemon Athletica in the 3rd quarter worth about $953,000. Investment Partners Asset Management Inc. bought a new stake in shares of Lululemon Athletica in the 4th quarter worth about $275,000. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Lululemon Athletica by 198.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after buying an additional 4,564 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after buying an additional 34,704 shares during the last quarter. Finally, Rakuten Securities Inc. increased its holdings in shares of Lululemon Athletica by 876.8% in the 3rd quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer’s stock worth $549,000 after buying an additional 1,815 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $365.82 on Friday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The firm has a market cap of $44.55 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.26 and a beta of 1.19. The firm has a 50-day simple moving average of $389.00 and a 200-day simple moving average of $323.73.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2.36 billion. During the same quarter in the previous year, the business posted $2.53 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were 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 in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s 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 transaction, the insider now 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 position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Telsey Advisory Group boosted their target price on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Citigroup lifted their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, UBS Group lifted their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $399.14.

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.