551 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by Main Street Research LLC

Main Street Research LLC acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 551 shares of the apparel retailer’s stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SVB Wealth LLC acquired a new position in Lululemon Athletica during the fourth quarter worth $214,000. Sentry Investment Management LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at $270,000. Mackenzie Financial Corp grew its holdings in Lululemon Athletica by 41.3% in the fourth quarter. Mackenzie Financial Corp now owns 9,809 shares of the apparel retailer’s stock valued at $5,015,000 after purchasing an additional 2,868 shares during the last quarter. Waldron Private Wealth LLC grew its holdings in Lululemon Athletica by 9.8% in the fourth quarter. Waldron Private Wealth LLC now owns 907 shares of the apparel retailer’s stock valued at $463,000 after purchasing an additional 81 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Lululemon Athletica by 1.1% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 327,945 shares of the apparel retailer’s stock valued at $167,675,000 after purchasing an additional 3,587 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the purchase, the director now owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LULU. Piper Sandler reduced their price objective on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $445.00 price objective (down from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. Citigroup dropped their target price on Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. TD Cowen dropped their target price on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Finally, Wells Fargo & Company dropped their target price on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average price target of $485.39.

Lululemon Athletica Trading Up 1.8 %

NASDAQ LULU traded up $5.88 on Tuesday, reaching $340.64. The stock had a trading volume of 1,432,866 shares, compared to its average volume of 1,750,717. The business has a 50 day moving average price of $429.56 and a 200 day moving average price of $440.25. Lululemon Athletica Inc. has a 1 year low of $326.93 and a 1 year high of $516.39. The company has a market capitalization of $42.92 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 1.19 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.40 earnings per share. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal 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.