Paladin Wealth LLC Acquires New Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Paladin Wealth LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the third quarter, HoldingsChannel.com reports. The fund acquired 108 shares of the apparel retailer’s stock, valued at approximately $29,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Value Star Asset Management Hong Kong Ltd lifted its position in shares of Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after acquiring an additional 4,630,466 shares during the period. Marshall Wace LLP lifted its position in shares of Lululemon Athletica by 359.4% during the 2nd quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer’s stock valued at $61,084,000 after acquiring an additional 283,344 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Lululemon Athletica by 38.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after acquiring an additional 203,882 shares during the period. M&G Plc acquired a new stake in shares of Lululemon Athletica during the 1st quarter valued at approximately $72,455,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Lululemon Athletica during the 1st quarter valued at approximately $65,353,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling

In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Calvin Mcdonald acquired 4,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Stock Up 3.1 %

Shares of NASDAQ LULU opened at $286.76 on Tuesday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39. The firm has a fifty day moving average of $260.92 and a 200-day moving average of $298.14. The stock has a market capitalization of $35.85 billion, a PE ratio of 23.00, a P/E/G ratio of 1.99 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the company earned $2.68 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts expect that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Analyst Ratings Changes

LULU has been the subject of a number of research reports. Truist Financial reiterated a “buy” rating and set a $310.00 price target on shares of Lululemon Athletica in a research report on Wednesday, August 28th. Piper Sandler lifted their price objective on Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. TD Cowen cut their price objective on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Barclays cut their price objective on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating for the company in a research report on Friday, August 30th. Finally, Citigroup cut their price objective on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.55.

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.