Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 138.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,698 shares of the apparel retailer’s stock after purchasing an additional 1,565 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Lululemon Athletica were worth $1,032,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its position in Lululemon Athletica by 70.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,379 shares of the apparel retailer’s stock valued at $1,308,000 after buying an additional 1,816 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Lululemon Athletica by 92.7% during the 2nd quarter. AQR Capital Management LLC now owns 106,730 shares of the apparel retailer’s stock worth $31,823,000 after buying an additional 51,355 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Lululemon Athletica by 13.8% during the 2nd quarter. Mackenzie Financial Corp now owns 10,841 shares of the apparel retailer’s stock worth $3,238,000 after buying an additional 1,314 shares in the last quarter. Creative Planning boosted its holdings in shares of Lululemon Athletica by 122.2% in the second quarter. Creative Planning now owns 32,863 shares of the apparel retailer’s stock valued at $9,816,000 after acquiring an additional 18,070 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Lululemon Athletica by 9.8% during the second quarter. NewEdge Advisors LLC now owns 6,766 shares of the apparel retailer’s stock valued at $2,021,000 after acquiring an additional 604 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the firm’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 owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s 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 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 disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $402.90 on Tuesday. The business’s 50-day simple moving average is $368.60 and its 200-day simple moving average is $307.73. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $491.30. The firm has a market capitalization of $49.07 billion, a PE ratio of 29.09, a PEG ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.36 billion. During the same period in the previous year, the business posted $2.53 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Research analysts forecast that Lululemon Athletica Inc. will post 14.34 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on LULU shares. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. Oppenheimer cut their price target on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. BMO Capital Markets raised their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. UBS Group boosted their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $391.00.

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.