Linden Thomas Advisory Services LLC Increases Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Linden Thomas Advisory Services LLC boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,955 shares of the apparel retailer’s stock after buying an additional 400 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Lululemon Athletica were worth $3,042,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LULU. Fifth Third Bancorp raised its position in shares of Lululemon Athletica by 26.3% in the 4th quarter. Fifth Third Bancorp now owns 21,505 shares of the apparel retailer’s stock worth $8,224,000 after acquiring an additional 4,479 shares in the last quarter. Sound Income Strategies LLC raised its holdings 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 purchasing an additional 65 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Lululemon Athletica by 26,708.8% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 90,882 shares of the apparel retailer’s stock valued at $34,903,000 after buying an additional 90,543 shares during the last quarter. Brighton Jones LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at about $429,000. Finally, Montecito Bank & Trust grew its position in shares of Lululemon Athletica by 19.9% in the 4th quarter. Montecito Bank & Trust now owns 3,023 shares of the apparel retailer’s stock worth $1,156,000 after buying an additional 502 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $400.03 on Friday. The company has a 50 day moving average price of $368.60 and a 200-day moving average price of $307.47. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30. The firm has a market cap of $48.72 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data 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 net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the company earned $2.53 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.34 earnings per share for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction 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. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. JPMorgan Chase & Co. raised their price objective on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Robert W. Baird upped their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Piper Sandler increased their price target on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, BMO Capital Markets boosted their price target on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $391.00.

About Lululemon Athletica

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.