SLT Holdings LLC Takes $211,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

SLT Holdings LLC acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 553 shares of the apparel retailer’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $32,000. Asset Planning Inc purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $33,000. Sound Income Strategies LLC boosted its position in shares of Lululemon Athletica by 309.5% during the fourth 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. Finally, Golden State Wealth Management LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $36,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $344.36 on Friday. The firm has a market cap of $41.94 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.22 and a beta of 1.21. The business’s fifty day moving average is $382.97 and its 200 day moving average is $332.86. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94.

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

Wall Street Analysts Forecast Growth

LULU has been the topic of several analyst reports. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Guggenheim lifted their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Evercore ISI lifted their target price on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. TD Cowen lifted their target price on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Finally, Raymond James reissued an “outperform” rating and issued a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Insiders Place Their Bets

In other news, insider Celeste Burgoyne sold 24,870 shares of the 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 transaction, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the 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 transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This trade 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.

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.