525 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Morningstar Investment Management LLC

Morningstar Investment Management LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 525 shares of the apparel retailer’s stock, valued at approximately $201,000.

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

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the company’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 sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the 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 directly owns 6,198 shares in the company, 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. 0.48% of the stock is owned by insiders.

Lululemon Athletica Trading Down 1.3 %

Shares of LULU opened at $367.52 on Thursday. The firm has a fifty day moving average price of $389.47 and a 200-day moving average price of $323.43. The firm has a market capitalization of $44.76 billion, a P/E ratio of 26.54, a P/E/G ratio of 2.26 and a beta of 1.19. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94.

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 firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the business earned $2.53 earnings per share. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LULU shares. Robert W. Baird lifted their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Oppenheimer raised 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. TD Securities increased their price target on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Piper Sandler raised their target price on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $399.14.

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.