New York Life Investment Management LLC Has $6.37 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

New York Life Investment Management LLC cut its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,661 shares of the apparel retailer’s stock after selling 258 shares during the period. New York Life Investment Management LLC’s holdings in Lululemon Athletica were worth $6,371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. Maverick Capital Ltd. acquired a new position in Lululemon Athletica in the 3rd quarter valued at $93,476,000. The Manufacturers Life Insurance Company raised its holdings in Lululemon Athletica by 136.3% in 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 position in Lululemon Athletica in the 3rd quarter valued at $81,405,000. River Road Asset Management LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at $79,503,000. Finally, Los Angeles Capital Management LLC raised its holdings in Lululemon Athletica by 248.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock valued at $123,530,000 after acquiring an additional 230,349 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the company’s 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 owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Trading Up 1.0 %

NASDAQ LULU opened at $365.61 on Friday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The business’s 50-day moving average price is $386.81 and its two-hundred day moving average price is $329.03. The firm has a market capitalization of $44.53 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results 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 return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the company earned $2.53 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on LULU shares. Truist Financial lifted their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stifel Nicolaus reissued a “buy” rating and set a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. KeyCorp boosted their price target on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target for the company in a report on Friday, January 10th. Finally, Piper Sandler boosted 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. 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $399.14.

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.