Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Howard Capital Management Inc.

Howard Capital Management Inc. boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,492 shares of the apparel retailer’s stock after buying an additional 56 shares during the period. Howard Capital Management Inc.’s holdings in Lululemon Athletica were worth $953,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC lifted its holdings in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares during the period. Kestra Investment Management LLC purchased a new position in Lululemon Athletica during the fourth quarter worth approximately $32,000. Sound Income Strategies LLC boosted its holdings in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Asset Planning Inc purchased a new stake in shares of Lululemon Athletica during the 4th quarter valued at $33,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth $36,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stifel Nicolaus reissued a “buy” rating and set a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Robert W. Baird lifted their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Truist Financial boosted their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Jefferies Financial Group restated an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now directly owns 12,429 shares of the company’s stock, 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 currently owned by corporate insiders.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock opened at $358.97 on Monday. The firm has a market cap of $43.72 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The firm’s 50-day simple moving average is $388.35 and its 200-day simple moving average is $325.86.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS 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 the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.53 EPS. On average, equities analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

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.