YANKCOM Partnership Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

YANKCOM Partnership bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, Holdings Channel.com reports. The firm bought 257 shares of the apparel retailer’s stock, valued at approximately $98,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Robertson Stephens Wealth Management LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $250,000. Absher Wealth Management LLC raised its stake in Lululemon Athletica by 12.2% during the 4th quarter. Absher Wealth Management LLC now owns 7,471 shares of the apparel retailer’s stock valued at $2,857,000 after acquiring an additional 810 shares during the last quarter. Confluence Wealth Services Inc. raised its stake in Lululemon Athletica by 8.8% during the 4th quarter. Confluence Wealth Services Inc. now owns 845 shares of the apparel retailer’s stock valued at $328,000 after acquiring an additional 68 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Lululemon Athletica by 207.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,755 shares of the apparel retailer’s stock valued at $34,934,000 after acquiring an additional 61,274 shares during the last quarter. Finally, Win Advisors Inc. purchased a new stake in Lululemon Athletica during the 4th quarter valued at approximately $1,130,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Down 0.2 %

Shares of Lululemon Athletica stock opened at $411.83 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The firm has a market cap of $50.15 billion, a PE ratio of 29.74, a P/E/G ratio of 2.70 and a beta of 1.19. The business’s fifty day moving average is $384.21 and its two-hundred day moving average is $314.56.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly 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. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.53 EPS. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Wall Street Analyst Weigh In

LULU has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. KeyCorp upped their price objective on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a research report on Friday, January 10th. Truist Financial boosted their target price 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, BMO Capital Markets boosted their target price on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $395.67.

Insider Activity at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’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 completion of the sale, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the sale, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This 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 insiders.

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.