Transamerica Financial Advisors Inc. Has $74,000 Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Transamerica Financial Advisors Inc. increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1,984.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 271 shares of the apparel retailer’s stock after acquiring an additional 258 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Lululemon Athletica were worth $74,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Value Star Asset Management Hong Kong Ltd raised its holdings in shares of Lululemon Athletica by 19,890.3% during the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after acquiring an additional 4,630,466 shares during the period. American Century Companies Inc. raised its holdings in shares of Lululemon Athletica by 4.9% during the second quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock valued at $528,429,000 after acquiring an additional 82,731 shares during the period. Legal & General Group Plc raised its holdings in shares of Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock valued at $310,763,000 after acquiring an additional 37,239 shares during the period. International Assets Investment Management LLC increased its stake in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after buying an additional 894,531 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Lululemon Athletica by 38.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after buying an additional 203,882 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analysts Set New Price Targets

LULU has been the topic of several analyst reports. Wedbush dropped their price target on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Truist Financial increased their price target on shares of Lululemon Athletica from $310.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Robert W. Baird increased their price target on shares of Lululemon Athletica from $350.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Guggenheim dropped their price target on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $356.03.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Calvin Mcdonald acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. This trade represents a 4.66 % increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $319.52 on Thursday. The company has a 50-day moving average of $295.06 and a 200-day moving average of $287.84. The company has a market capitalization of $39.23 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 2.38 and a beta of 1.24. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $2.68 EPS. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

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.