Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 9.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,641 shares of the apparel retailer’s stock after selling 362 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Lululemon Athletica were worth $1,392,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Public Sector Pension Investment Board lifted its stake in shares of Lululemon Athletica by 70.9% during the second quarter. Public Sector Pension Investment Board now owns 4,379 shares of the apparel retailer’s stock worth $1,308,000 after buying an additional 1,816 shares during the period. AQR Capital Management LLC raised its stake in Lululemon Athletica by 92.7% in the 2nd quarter. AQR Capital Management LLC now owns 106,730 shares of the apparel retailer’s stock worth $31,823,000 after acquiring an additional 51,355 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in Lululemon Athletica during the 2nd quarter worth about $2,462,000. The Manufacturers Life Insurance Company grew its stake in Lululemon Athletica by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 223,993 shares of the apparel retailer’s stock valued at $66,907,000 after purchasing an additional 14,153 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Lululemon Athletica by 13.8% in the second quarter. Mackenzie Financial Corp now owns 10,841 shares of the apparel retailer’s stock valued at $3,238,000 after purchasing an additional 1,314 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Truist Financial upped their target price on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Piper Sandler increased their price objective on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Oppenheimer decreased their target price on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. TD Cowen increased their price target on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $391.00.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $400.03 on Monday. The stock’s 50 day simple moving average is $368.60 and its 200-day simple moving average is $307.60. The company has a market cap of $48.72 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data 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 company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the firm posted $2.53 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.34 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value 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. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

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.