Retireful LLC Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Retireful LLC purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,821 shares of the apparel retailer’s stock, valued at approximately $1,461,000.

Several other hedge funds also recently modified their holdings of the company. Shepherd Financial Partners LLC acquired a new stake in Lululemon Athletica during the third quarter valued at approximately $953,000. XTX Topco Ltd lifted its position in shares of Lululemon Athletica by 281.4% during the 2nd quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock valued at $2,657,000 after acquiring an additional 6,562 shares during the last quarter. Rheos Capital Works Inc. boosted its stake in shares of Lululemon Athletica by 19.2% during the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after acquiring an additional 2,500 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Lululemon Athletica by 198.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after acquiring an additional 4,564 shares during the last quarter. Finally, Caxton Associates LP raised its position in shares of Lululemon Athletica by 6,702.7% during the second quarter. Caxton Associates LP now owns 60,000 shares of the apparel retailer’s stock worth $17,922,000 after purchasing an additional 59,118 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were 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 approximately $2,399,307.78. This represents a 24.60 % 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.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Piper Sandler lifted their price target on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. TD Securities upped their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Robert W. Baird boosted their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Barclays increased their target price on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $390.33.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $370.99 on Friday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $491.30. The company’s fifty day moving average price is $360.19 and its two-hundred day moving average price is $303.57. The company has a market capitalization of $45.18 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS 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 business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the firm posted $2.53 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.18 earnings per share 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.