1,121 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Brighton Jones LLC

Brighton Jones LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,121 shares of the apparel retailer’s stock, valued at approximately $429,000.

Other large investors have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its holdings in shares of Lululemon Athletica by 70.9% in the second quarter. Public Sector Pension Investment Board now owns 4,379 shares of the apparel retailer’s stock valued at $1,308,000 after purchasing an additional 1,816 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Lululemon Athletica by 92.7% in the 2nd quarter. AQR Capital Management LLC now owns 106,730 shares of the apparel retailer’s stock valued at $31,823,000 after buying an additional 51,355 shares during the period. MBB Public Markets I LLC bought a new stake in shares of Lululemon Athletica during the second quarter worth $2,462,000. The Manufacturers Life Insurance Company lifted its stake in shares of Lululemon Athletica by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 223,993 shares of the apparel retailer’s stock valued at $66,907,000 after acquiring an additional 14,153 shares during the period. Finally, Mackenzie Financial Corp increased its position in Lululemon Athletica by 13.8% in the second quarter. Mackenzie Financial Corp now owns 10,841 shares of the apparel retailer’s stock worth $3,238,000 after purchasing an additional 1,314 shares during the period. 85.20% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction dated 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 approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LULU. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Citigroup lifted their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company raised their price target on Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Barclays upped their price objective on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Finally, TD Cowen raised their target price on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $391.00.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $400.03 on Monday. The business has a 50-day moving average of $368.60 and a 200-day moving average of $307.60. The stock has a market capitalization of $48.72 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 2.50 and a beta of 1.18. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share 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 during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the company earned $2.53 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.34 EPS for the current year.

About Lululemon Athletica

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.