Clare Market Investments LLC Acquires New Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Clare Market Investments LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, HoldingsChannel.com reports. The fund bought 3,295 shares of the apparel retailer’s stock, valued at approximately $1,260,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $32,000. Asset Planning Inc acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $33,000. Sound Income Strategies LLC boosted its stake in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $36,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $344.36 on Monday. The stock has a market capitalization of $41.94 billion, a P/E ratio of 24.86, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The business’s fifty day moving average is $382.97 and its two-hundred day moving average is $333.33.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 earnings per share. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’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 of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of research reports. Piper Sandler lifted their target price on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Telsey Advisory Group boosted their price objective on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Truist Financial boosted their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. UBS Group boosted their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.