Dakota Wealth Management Purchases 4,576 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Dakota Wealth Management lifted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 182.7% in the fourth quarter, HoldingsChannel reports. The firm owned 7,080 shares of the apparel retailer’s stock after purchasing an additional 4,576 shares during the quarter. Dakota Wealth Management’s holdings in Lululemon Athletica were worth $2,707,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. SeaCrest Wealth Management LLC grew its stake in shares of Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after buying an additional 26 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Lululemon Athletica by 4.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after acquiring an additional 42 shares during the last quarter. First Pacific Financial grew its position in Lululemon Athletica by 1.4% in the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock worth $1,184,000 after acquiring an additional 44 shares in the last quarter. Claro Advisors LLC increased its stake in Lululemon Athletica by 5.6% during the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock worth $345,000 after acquiring an additional 48 shares during the last quarter. Finally, Howard Financial Services LTD. raised its holdings in Lululemon Athletica by 5.7% during the 4th quarter. Howard Financial Services LTD. now owns 884 shares of the apparel retailer’s stock valued at $338,000 after buying an additional 48 shares during the period. Institutional investors own 85.20% of the company’s stock.

Insider Activity

In other Lululemon Athletica news, 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 owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $782,736.42. Following the completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Up 2.7 %

NASDAQ LULU opened at $382.82 on Thursday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $491.30. The firm’s fifty day simple moving average is $364.75 and its two-hundred day simple moving average is $305.63. The firm has a market capitalization of $46.62 billion, a P/E ratio of 27.64, a P/E/G ratio of 2.44 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating 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 company 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 company posted $2.53 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LULU. Guggenheim lifted their price target 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. Oppenheimer dropped their target price on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. UBS Group increased their price target on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Truist Financial raised their price target on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, KeyCorp upped their price objective on Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.33.

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.