Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Clean Yield Group

Clean Yield Group increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 21,297.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,703 shares of the apparel retailer’s stock after purchasing an additional 7,667 shares during the quarter. Clean Yield Group’s holdings in Lululemon Athletica were worth $2,946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CHICAGO TRUST Co NA purchased a new stake in Lululemon Athletica in the 4th quarter valued at approximately $250,000. Brookstone Capital Management boosted its stake in shares of Lululemon Athletica by 106.4% in the fourth quarter. Brookstone Capital Management now owns 2,014 shares of the apparel retailer’s stock valued at $770,000 after buying an additional 1,038 shares in the last quarter. Fiduciary Alliance LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $727,000. Czech National Bank grew its holdings in Lululemon Athletica by 4.5% during the fourth quarter. Czech National Bank now owns 24,491 shares of the apparel retailer’s stock worth $9,366,000 after acquiring an additional 1,064 shares during the period. Finally, West Oak Capital LLC purchased a new position in Lululemon Athletica in the fourth quarter worth $595,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction, the insider now owns 6,198 shares of the company’s stock, 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 filing with the SEC, which is available 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 stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LULU. Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. Raymond James upped their target price on Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. Piper Sandler lifted their price target on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus price target of $382.73.

Lululemon Athletica Stock Up 1.2 %

LULU stock traded up $4.88 during trading on Monday, hitting $400.35. 1,506,070 shares of the company’s stock traded hands, compared to its average volume of 1,386,726. The stock has a fifty day moving average price of $355.92 and a two-hundred day moving average price of $301.79. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $491.30. The stock has a market capitalization of $48.76 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the business earned $2.53 earnings per share. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts expect that Lululemon Athletica Inc. will post 14.17 EPS 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.