Nicola Wealth Management LTD. Acquires Shares of 32,000 Lululemon Athletica Inc. (NASDAQ:LULU)

Nicola Wealth Management LTD. acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 32,000 shares of the apparel retailer’s stock, valued at approximately $12,237,000.

Other hedge funds also recently bought and sold shares of the company. Beacon Capital Management LLC grew its position in shares of Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after buying an additional 24 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after buying an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Lululemon Athletica by 9.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after buying an additional 28 shares in the last quarter. LGT Fund Management Co Ltd. grew its position in shares of Lululemon Athletica by 3.3% during the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after buying an additional 30 shares in the last quarter. Finally, Mather Group LLC. grew its position in shares of Lululemon Athletica by 21.1% during the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock worth $68,000 after buying an additional 31 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on LULU. KeyCorp increased their price target on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Truist Financial increased their price target 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 raised their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Guggenheim raised their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Barclays raised their price objective on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Stock Down 4.9 %

Lululemon Athletica stock opened at $347.81 on Tuesday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The company has a market capitalization of $42.36 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The stock has a 50-day moving average price of $386.10 and a 200 day moving average price of $330.91.

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