Sanctuary Advisors LLC Increases Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Sanctuary Advisors LLC grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,899 shares of the apparel retailer’s stock after purchasing an additional 268 shares during the quarter. Sanctuary Advisors LLC’s holdings in Lululemon Athletica were worth $3,327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LULU. JFS Wealth Advisors LLC boosted its position in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares during the period. Sound Income Strategies LLC increased its position in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the period. Asset Planning Inc bought a new position in shares of Lululemon Athletica during the fourth quarter valued at about $33,000. Golden State Wealth Management LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth about $36,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Lululemon Athletica in the fourth quarter worth about $38,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $358.97 on Friday. The firm has a market cap of $43.72 billion, a P/E ratio of 25.92, a P/E/G ratio of 2.23 and a beta of 1.19. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The firm has a 50-day simple moving average of $388.35 and a two-hundred day simple moving average of $324.60.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results 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. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.53 earnings per share. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insider Transactions at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the firm’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 owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This 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.

Analyst Ratings Changes

A number of research analysts have commented on LULU shares. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target for the company in a research report on Friday, January 10th. Barclays upped their target price on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley lifted their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Truist Financial lifted their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

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.