SRS Capital Advisors Inc. Purchases 334 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

SRS Capital Advisors Inc. lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 280.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 453 shares of the apparel retailer’s stock after purchasing an additional 334 shares during the period. SRS Capital Advisors Inc.’s holdings in Lululemon Athletica were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in LULU. Kestra Investment Management LLC bought a new position in Lululemon Athletica during the 4th quarter worth $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica during the fourth quarter worth about $32,000. Sound Income Strategies LLC increased its position in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 65 shares during the period. Asset Planning Inc acquired a new stake in Lululemon Athletica in the 4th quarter worth about $33,000. Finally, Golden State Wealth Management LLC bought a new stake in Lululemon Athletica in the 4th quarter valued at about $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 recently weighed in on the stock. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Oppenheimer lifted their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Citigroup increased their target price on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Truist Financial boosted their price target on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Guggenheim increased their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $349.53 on Thursday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The firm has a market cap of $42.57 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The firm’s fifty day moving average is $384.57 and its 200-day moving average is $331.65.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the business earned $2.53 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insider Buying and Selling

In related news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction on 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Lululemon Athletica Company 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.