Victory Capital Management Inc. Decreases Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Victory Capital Management Inc. decreased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,598 shares of the apparel retailer’s stock after selling 7,979 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of Lululemon Athletica worth $36,558,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Beacon Capital Management LLC boosted its position in shares of Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after buying an additional 24 shares during the period. SeaCrest Wealth Management LLC raised its stake in shares of Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after purchasing an additional 26 shares during the period. Capital Advisors Ltd. LLC lifted its position in shares of Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after purchasing an additional 28 shares in the last quarter. LGT Fund Management Co Ltd. boosted its stake in shares of Lululemon Athletica by 3.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock valued at $356,000 after purchasing an additional 30 shares during the period. Finally, Mather Group LLC. grew its holdings in Lululemon Athletica by 21.1% during the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock valued at $68,000 after purchasing an additional 31 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LULU. TD Cowen upped their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Piper Sandler increased their price target on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a research report on Friday, January 10th. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, Truist Financial lifted their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock opened at $344.36 on Monday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The business’s fifty day moving average price is $382.97 and its two-hundred day moving average price is $333.33. The company has a market capitalization of $41.94 billion, a P/E ratio of 24.86, a PEG ratio of 2.22 and a beta of 1.21.

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

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.