Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Forte Capital LLC ADV

Forte Capital LLC ADV raised its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,941 shares of the apparel retailer’s stock after purchasing an additional 2,776 shares during the quarter. Lululemon Athletica comprises 1.4% of Forte Capital LLC ADV’s holdings, making the stock its 23rd biggest position. Forte Capital LLC ADV’s holdings in Lululemon Athletica were worth $12,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after purchasing an additional 44,294 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after acquiring an additional 894,531 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lululemon Athletica by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock valued at $190,567,000 after acquiring an additional 19,808 shares during the last quarter. Montrusco Bolton Investments Inc. boosted its holdings in shares of Lululemon Athletica by 43.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock valued at $166,016,000 after acquiring an additional 185,440 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Lululemon Athletica by 60.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer’s stock valued at $148,201,000 after acquiring an additional 205,757 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity

In related 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 directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was 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 disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LULU shares. KeyCorp upped their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a report on Monday, December 9th. Truist Financial upped their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a report on Friday, January 10th. Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective on the stock in a report on Friday, January 10th. Finally, BMO Capital Markets upped their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Lululemon Athletica Stock Down 0.4 %

Shares of NASDAQ LULU opened at $365.82 on Friday. The firm has a 50-day simple moving average of $389.00 and a 200-day simple moving average of $323.73. The stock has a market capitalization of $44.55 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 2.26 and a beta of 1.19. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.53 earnings per share. As a group, equities research analysts expect 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.