Crestwood Advisors Group LLC Has $602,000 Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Crestwood Advisors Group LLC increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 12.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,574 shares of the apparel retailer’s stock after acquiring an additional 178 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Lululemon Athletica were worth $602,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction 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 represents a 66.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of LULU opened at $366.72 on Wednesday. The company has a market capitalization of $44.66 billion, a P/E ratio of 26.48, a PEG ratio of 2.22 and a beta of 1.19. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The business’s 50 day simple moving average is $387.44 and its 200-day simple moving average is $327.65.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $2.53 EPS. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LULU. Morgan Stanley boosted their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Citigroup boosted their price target on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a research note on Friday, January 10th. Oppenheimer boosted their price target on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Raymond James restated an “outperform” rating and set a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

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.