Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,574 shares of the apparel retailer’s stock after purchasing an additional 178 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Lululemon Athletica were worth $602,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LULU. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Lululemon Athletica in the 3rd quarter worth approximately $239,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Lululemon Athletica by 19.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,481 shares of the apparel retailer’s stock worth $8,255,000 after acquiring an additional 4,791 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of Lululemon Athletica by 28.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,488 shares of the apparel retailer’s stock worth $675,000 after acquiring an additional 554 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Lululemon Athletica by 14.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 47,314 shares of the apparel retailer’s stock worth $13,202,000 after acquiring an additional 6,052 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Lululemon Athletica by 6.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 14,881 shares of the apparel retailer’s stock worth $4,037,000 after purchasing an additional 905 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial raised their price target on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Morgan Stanley raised their price target on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. BMO Capital Markets raised their price target on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Piper Sandler raised their price target on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Evercore ISI raised their price target on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Activity

In other news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction 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 transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Stock Down 0.4 %

Shares of NASDAQ LULU opened at $366.72 on Wednesday. The stock has a market capitalization of $44.66 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.22 and a beta of 1.19. The stock’s fifty day simple moving average is $387.44 and its 200 day simple moving average is $327.65. 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 quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share 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 business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company posted $2.53 earnings per share. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current 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.