Los Angeles Capital Management LLC Has $123.53 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Los Angeles Capital Management LLC lifted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 248.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 323,031 shares of the apparel retailer’s stock after purchasing an additional 230,349 shares during the period. Los Angeles Capital Management LLC owned 0.27% of Lululemon Athletica worth $123,530,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of LULU. Maverick Capital Ltd. bought a new position in Lululemon Athletica in the 3rd quarter worth $93,476,000. The Manufacturers Life Insurance Company boosted its position in shares of Lululemon Athletica by 136.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after acquiring an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in shares of Lululemon Athletica during the 3rd quarter valued at about $81,405,000. River Road Asset Management LLC acquired a new stake in shares of Lululemon Athletica during the 3rd quarter valued at about $79,503,000. Finally, Swedbank AB boosted its position in Lululemon Athletica by 151.0% in the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock valued at $99,744,000 after buying an additional 221,112 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $368.22 on Tuesday. The company’s fifty day simple moving average is $387.92 and its two-hundred day simple moving average is $326.75. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The stock has a market capitalization of $44.84 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its 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 net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the firm posted $2.53 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LULU. Truist Financial boosted their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Barclays upped their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Guggenheim upped their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, TD Securities upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the company’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 sale, the insider now 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 disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.