Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Marietta Wealth Management LLC

Marietta Wealth Management LLC grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,660 shares of the apparel retailer’s stock after purchasing an additional 105 shares during the quarter. Lululemon Athletica makes up about 1.2% of Marietta Wealth Management LLC’s holdings, making the stock its 27th biggest position. Marietta Wealth Management LLC’s holdings in Lululemon Athletica were worth $8,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of LULU. Chicago Partners Investment Group LLC lifted its position in Lululemon Athletica by 9.5% in the fourth quarter. Chicago Partners Investment Group LLC now owns 826 shares of the apparel retailer’s stock valued at $325,000 after acquiring an additional 72 shares during the last quarter. Total Clarity Wealth Management Inc. purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $230,000. Clear Creek Financial Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $276,000. Caprock Group LLC grew its stake in Lululemon Athletica by 44.0% during the 4th quarter. Caprock Group LLC now owns 1,703 shares of the apparel retailer’s stock worth $651,000 after buying an additional 520 shares during the last quarter. Finally, Coastwise Capital Group LLC acquired a new position in Lululemon Athletica during the fourth quarter worth approximately $230,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 1.7 %

Shares of LULU opened at $414.20 on Friday. The company has a 50-day moving average of $378.74 and a two-hundred day moving average of $311.76. The stock has a market cap of $50.44 billion, a P/E ratio of 29.91, a PEG ratio of 2.68 and a beta of 1.18. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates 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 was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 EPS. As a group, analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Robert W. Baird increased their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. UBS Group lifted their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Oppenheimer reduced their target price on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Finally, KeyCorp raised their price target on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $395.67.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % 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.

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.