Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,930 shares of the apparel retailer’s stock after acquiring an additional 100 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Lululemon Athletica were worth $9,533,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in LULU. Czech National Bank lifted its position in shares of Lululemon Athletica by 7.3% during the 3rd quarter. Czech National Bank now owns 23,427 shares of the apparel retailer’s stock worth $6,357,000 after purchasing an additional 1,592 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Lululemon Athletica by 153.1% during the 3rd quarter. GAMMA Investing LLC now owns 967 shares of the apparel retailer’s stock worth $262,000 after buying an additional 585 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Lululemon Athletica by 43.9% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,003 shares of the apparel retailer’s stock worth $1,086,000 after acquiring an additional 1,222 shares in the last quarter. Brookstone Capital Management purchased a new position in shares of Lululemon Athletica in the 3rd quarter valued at about $265,000. Finally, CWM LLC raised its position in shares of Lululemon Athletica by 13.7% during the 3rd quarter. CWM LLC now owns 3,294 shares of the apparel retailer’s stock worth $894,000 after acquiring an additional 398 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of research analyst reports. Piper Sandler upped their price target on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Robert W. Baird upped their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Evercore ISI lifted their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Barclays boosted their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, Raymond James reaffirmed an “outperform” rating and set a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average price target of $399.67.

Insider Activity at Lululemon Athletica

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

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $398.10 on Friday. The company has a market cap of $48.48 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 2.70 and a beta of 1.19. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The business has a fifty day moving average of $386.06 and a two-hundred day moving average of $315.24.

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

Lululemon Athletica Company 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.