Todd Asset Management LLC Acquires Shares of 89,018 Lululemon Athletica Inc. (NASDAQ:LULU)

Todd Asset Management LLC acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 89,018 shares of the apparel retailer’s stock, valued at approximately $34,041,000. Todd Asset Management LLC owned approximately 0.07% of Lululemon Athletica as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in shares of Lululemon Athletica by 61.8% in the 3rd quarter. Private Advisor Group LLC now owns 15,213 shares of the apparel retailer’s stock valued at $4,128,000 after purchasing an additional 5,813 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Lululemon Athletica during the 3rd quarter worth $239,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Lululemon Athletica by 19.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,481 shares of the apparel retailer’s stock worth $8,255,000 after purchasing an additional 4,791 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Lululemon Athletica by 28.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,488 shares of the apparel retailer’s stock worth $675,000 after purchasing an additional 554 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Lululemon Athletica by 14.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 47,314 shares of the apparel retailer’s stock valued at $13,202,000 after buying an additional 6,052 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

LULU has been the topic of a number of research analyst reports. TD Securities raised their target price 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. Stifel Nicolaus reissued a “buy” rating and issued a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Truist Financial increased their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a report on Friday, January 10th. Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target for the company in a report on Friday, January 10th. Finally, Barclays increased their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Lululemon Athletica Trading Up 2.6 %

LULU opened at $368.22 on Tuesday. The company has a 50 day moving average of $387.92 and a 200 day moving average of $326.75. The company has a market cap of $44.84 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94.

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

Insider Transactions at Lululemon Athletica

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 value of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction 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 transaction, the insider now owns 6,198 shares in the company, valued at approximately $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 currently owned by 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.