Oak Thistle LLC Acquires New Shares in lululemon athletica inc. $LULU

Oak Thistle LLC acquired a new stake in lululemon athletica inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,083 shares of the apparel retailer’s stock, valued at approximately $1,888,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in lululemon athletica by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock valued at $2,452,394,000 after acquiring an additional 521,915 shares in the last quarter. Invesco Ltd. lifted its position in lululemon athletica by 28.7% in the 3rd quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock valued at $391,544,000 after acquiring an additional 490,127 shares in the last quarter. Flossbach Von Storch SE lifted its position in lululemon athletica by 17.7% in the 3rd quarter. Flossbach Von Storch SE now owns 1,930,831 shares of the apparel retailer’s stock valued at $343,553,000 after acquiring an additional 290,614 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in lululemon athletica by 32.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,311,664 shares of the apparel retailer’s stock valued at $233,394,000 after acquiring an additional 319,934 shares in the last quarter. Finally, Northern Trust Corp lifted its position in lululemon athletica by 0.8% in the 3rd quarter. Northern Trust Corp now owns 1,034,873 shares of the apparel retailer’s stock valued at $184,135,000 after acquiring an additional 8,154 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Charles V. Bergh bought 6,090 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average cost of $164.20 per share, with a total value of $999,978.00. Following the acquisition, the director owned 6,090 shares in the company, valued at $999,978. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andre Maestrini bought 3,275 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was bought at an average cost of $151.02 per share, for a total transaction of $494,590.50. Following the completion of the acquisition, the chief executive officer owned 34,551 shares in the company, valued at $5,217,892.02. This trade represents a 10.47% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on LULU. Telsey Advisory Group lowered their price objective on lululemon athletica from $215.00 to $175.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 18th. BNP Paribas Exane lowered their price target on lululemon athletica from $206.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Piper Sandler increased their price target on lululemon athletica from $165.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Stifel Nicolaus lowered their price target on lululemon athletica from $210.00 to $176.00 and set a “hold” rating on the stock in a report on Wednesday, March 18th. Finally, Wells Fargo & Company lowered their price target on lululemon athletica from $175.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twenty-eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $206.77.

lululemon athletica Price Performance

NASDAQ LULU opened at $158.86 on Thursday. The business’s fifty day moving average price is $168.57 and its 200-day moving average price is $179.57. The stock has a market capitalization of $19.18 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 4.79 and a beta of 1.07. lululemon athletica inc. has a 1-year low of $143.96 and a 1-year high of $340.25.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, topping analysts’ consensus estimates of $4.78 by $0.23. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period last year, the firm earned $6.14 EPS. lululemon athletica’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.