Cromwell Holdings LLC Purchases 274 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Cromwell Holdings LLC lifted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 258.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 380 shares of the apparel retailer’s stock after purchasing an additional 274 shares during the period. Cromwell Holdings LLC’s holdings in Lululemon Athletica were worth $145,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Beacon Capital Management LLC boosted its holdings in Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after acquiring an additional 24 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after buying an additional 26 shares during the last quarter. Mather Group LLC. raised its position in Lululemon Athletica by 21.1% in the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock worth $68,000 after buying an additional 31 shares during the last quarter. Pittenger & Anderson Inc. lifted its stake in shares of Lululemon Athletica by 53.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 33 shares during the period. Finally, Adirondack Trust Co. boosted its stake in shares of Lululemon Athletica by 6.5% during the 4th quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock worth $249,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Insider Activity

In related news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’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 transaction, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Down 0.4 %

Shares of NASDAQ LULU opened at $365.82 on Friday. The business has a fifty day simple moving average of $389.00 and a two-hundred day simple moving average of $323.73. The firm has a market cap of $44.55 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.23 and a beta of 1.19. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) 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 business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business posted $2.53 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Telsey Advisory Group increased their target price on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Guggenheim raised their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company raised their price target on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Finally, Barclays lifted their target price on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.