Everence Capital Management Inc. Acquires Shares of 3,470 Lululemon Athletica Inc. (NASDAQ:LULU)

Everence Capital Management Inc. bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,470 shares of the apparel retailer’s stock, valued at approximately $1,327,000.

A number of other institutional investors have also made changes to their positions in the business. Larson Financial Group LLC raised its position in shares of Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 43 shares during the period. Paladin Wealth LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at about $29,000. HHM Wealth Advisors LLC raised its holdings in Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 46 shares during the period. JFS Wealth Advisors LLC boosted its holdings in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Lululemon Athletica during the second quarter worth approximately $36,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LULU shares. Raymond James lifted their price target on Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. TD Cowen lifted their target price on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Robert W. Baird upped their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. TD Securities boosted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Oppenheimer lowered their target price on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $377.63.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Up 1.6 %

Shares of Lululemon Athletica stock opened at $378.18 on Friday. The stock has a market cap of $46.06 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 2.78 and a beta of 1.23. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $502.00. The company’s fifty day moving average is $345.74 and its 200 day moving average is $298.57.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly 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 return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the company posted $2.53 EPS. The business’s revenue was up 9.1% on a year-over-year basis. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

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.