Charles Schwab Investment Management Inc. Has $275.11 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Charles Schwab Investment Management Inc. boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 719,413 shares of the apparel retailer’s stock after purchasing an additional 17,119 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Lululemon Athletica were worth $275,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Investment Partners Asset Management Inc. acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at about $275,000. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Lululemon Athletica by 198.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock valued at $1,844,000 after acquiring an additional 4,564 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake 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 valued at $28,070,000 after purchasing an additional 34,704 shares during the last quarter. Rakuten Securities Inc. increased 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 purchasing an additional 1,815 shares in the last quarter. Finally, Lebenthal Global Advisors LLC raised its stake in shares of Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after purchasing an additional 1,565 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LULU shares. TD Cowen lifted their target price on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. JPMorgan Chase & Co. lifted their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Citigroup increased their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a report on Friday, December 6th. 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 report on Friday, January 10th. Finally, KeyCorp increased their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $782,736.42. Following the completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $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. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Up 1.2 %

Shares of NASDAQ LULU opened at $349.53 on Thursday. The stock’s 50-day simple moving average is $384.57 and its two-hundred day simple moving average is $331.65. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The firm has a market capitalization of $42.57 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the business earned $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, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal 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.