Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 3,500 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 12.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,554 shares of the apparel retailer’s stock after selling 3,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Lululemon Athletica were worth $9,390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LULU. Kestra Investment Management LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $32,000. Asset Planning Inc bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $33,000. Sound Income Strategies LLC grew its position in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $36,000. Finally, Pittenger & Anderson Inc. grew its position in shares of Lululemon Athletica by 53.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 33 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Down 1.9 %

LULU stock opened at $358.97 on Monday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The stock’s 50 day moving average is $388.35 and its 200-day moving average is $325.86. The firm has a market capitalization of $43.72 billion, a PE ratio of 25.92, a P/E/G ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company earned $2.53 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on LULU shares. Barclays upped their price target on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Truist Financial upped their price target on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. BMO Capital Markets upped their target price on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Piper Sandler raised their target price on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Raymond James reaffirmed an “outperform” rating and set a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus target price of $399.14.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % 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 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.