Alberta Investment Management Corp Sells 6,850 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Alberta Investment Management Corp decreased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 43.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,850 shares of the apparel retailer’s stock after selling 6,850 shares during the quarter. Alberta Investment Management Corp’s holdings in Lululemon Athletica were worth $3,384,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Shepherd Financial Partners LLC bought a new stake in shares of Lululemon Athletica in the 3rd quarter worth approximately $953,000. Investment Partners Asset Management Inc. acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at $275,000. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Lululemon Athletica by 198.8% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after purchasing an additional 4,564 shares during the period. Rockefeller Capital Management L.P. lifted its position in Lululemon Athletica by 50.5% in the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after purchasing an additional 34,704 shares during the period. Finally, Rakuten Securities Inc. boosted its stake in 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 in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 0.4 %

Lululemon Athletica stock opened at $365.82 on Friday. The company has a market cap of $44.55 billion, a PE ratio of 26.41, a PEG ratio of 2.26 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 company’s 50-day moving average is $389.00 and its two-hundred day moving average is $323.73.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating 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 business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business posted $2.53 earnings per share. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. Research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. TD Securities increased their price objective 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. Truist Financial increased their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Telsey Advisory Group lifted their price objective on Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Raymond James reissued an “outperform” rating and issued a $430.00 target price (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Finally, Guggenheim boosted their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Transactions at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate 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.