Capital Advisors Ltd. LLC Raises Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Capital Advisors Ltd. LLC lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 325 shares of the apparel retailer’s stock after purchasing an additional 28 shares during the period. Capital Advisors Ltd. LLC’s holdings in Lululemon Athletica were worth $124,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC lifted its position in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth $32,000. Sound Income Strategies LLC lifted its position in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Asset Planning Inc purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth $33,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth $36,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LULU. Barclays lifted their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Truist Financial boosted their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Oppenheimer boosted their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $399.14.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the business’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 sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Up 2.6 %

Shares of Lululemon Athletica stock opened at $368.22 on Tuesday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The company’s 50-day simple moving average is $387.92 and its 200-day simple moving average is $326.75. The firm has a market cap of $44.84 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business posted $2.53 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current 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.