Peloton Wealth Strategists Raises Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Peloton Wealth Strategists grew its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 17.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,075 shares of the apparel retailer’s stock after purchasing an additional 2,130 shares during the period. Lululemon Athletica comprises about 2.2% of Peloton Wealth Strategists’ portfolio, making the stock its 13th biggest position. Peloton Wealth Strategists’ holdings in Lululemon Athletica were worth $5,382,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Shepherd Financial Partners LLC purchased a new stake in shares of Lululemon Athletica during the third quarter worth approximately $953,000. Investment Partners Asset Management Inc. purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $275,000. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Lululemon Athletica by 198.8% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after buying an additional 4,564 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Lululemon Athletica by 50.5% during the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after buying an additional 34,704 shares during the period. Finally, Rakuten Securities Inc. increased its stake in shares of Lululemon Athletica by 876.8% during the third quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer’s stock worth $549,000 after buying an additional 1,815 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the 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 completion of the transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated 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 sale, the insider now directly 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.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of recent research reports. TD Cowen upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Guggenheim increased their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Raymond James reiterated an “outperform” rating and issued a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Finally, TD Securities increased their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Stock Down 1.1 %

NASDAQ LULU opened at $362.16 on Friday. The stock has a market capitalization of $44.11 billion, a P/E ratio of 26.15, a P/E/G ratio of 2.22 and a beta of 1.19. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The firm has a 50-day moving average price of $387.09 and a 200 day moving average price of $328.16.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the business posted $2.53 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

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.