Ashton Thomas Private Wealth LLC Acquires New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

Ashton Thomas Private Wealth LLC acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,153 shares of the apparel retailer’s stock, valued at approximately $823,000.

Other hedge funds also recently modified their holdings of the company. Investment Partners Asset Management Inc. acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at $275,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Lululemon Athletica by 198.8% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after buying an additional 4,564 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Lululemon Athletica by 50.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after buying an additional 34,704 shares during the period. Rakuten Securities Inc. lifted its holdings in Lululemon Athletica by 876.8% during the 3rd quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer’s stock worth $549,000 after buying an additional 1,815 shares during the period. Finally, Lebenthal Global Advisors LLC lifted its holdings in Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after buying an additional 1,565 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was 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. The trade was a 24.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of LULU opened at $344.36 on Monday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The stock has a 50 day moving average price of $382.97 and a two-hundred day moving average price of $333.33. The firm has a market capitalization of $41.94 billion, a P/E ratio of 24.86, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the business earned $2.53 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on LULU shares. Evercore ISI lifted their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Oppenheimer lifted their target price on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. TD Securities lifted their target price on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Truist Financial lifted their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Guggenheim lifted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.