WealthPlan Investment Management LLC Raises Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

WealthPlan Investment Management LLC increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 18.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,025 shares of the apparel retailer’s stock after purchasing an additional 936 shares during the period. WealthPlan Investment Management LLC’s holdings in Lululemon Athletica were worth $2,304,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JFS Wealth Advisors LLC grew its position in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares during the period. Sound Income Strategies LLC increased its position in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after buying an additional 65 shares in the last quarter. Asset Planning Inc bought a new position in shares of Lululemon Athletica in the fourth quarter worth about $33,000. Golden State Wealth Management LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter valued at about $36,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Lululemon Athletica during the 4th quarter valued at approximately $38,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LULU has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” 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 company a “buy” rating in a report on Friday, January 10th. Raymond James restated an “outperform” rating and issued a $430.00 target price (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Stifel Nicolaus reissued a “buy” rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, Wells Fargo & Company lifted their price target on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $366.68 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The company has a market cap of $44.65 billion, a PE ratio of 26.48, a PEG ratio of 2.51 and a beta of 1.19. The business’s 50-day simple moving average is $392.03 and its two-hundred day simple moving average is $319.70.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.53 EPS. As a group, analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the company’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 directly owns 6,198 shares of the company’s stock, valued at $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 owned by company insiders.

Lululemon Athletica 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.