Global Wealth Management Investment Advisory Inc. Has $2.41 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 20.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,293 shares of the apparel retailer’s stock after buying an additional 1,067 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Lululemon Athletica were worth $2,407,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LULU. Geode Capital Management LLC raised its stake in shares of Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after acquiring an additional 44,294 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after purchasing an additional 894,531 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Lululemon Athletica by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock worth $190,567,000 after buying an additional 19,808 shares during the last quarter. Montrusco Bolton Investments Inc. boosted its holdings in shares of Lululemon Athletica by 43.5% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock worth $166,016,000 after buying an additional 185,440 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Lululemon Athletica by 60.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer’s stock worth $148,201,000 after acquiring an additional 205,757 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Trading Down 3.3 %

Lululemon Athletica stock opened at $398.10 on Monday. The firm has a market capitalization of $48.48 billion, a P/E ratio of 28.74, a PEG ratio of 2.51 and a beta of 1.19. The business has a 50-day moving average of $387.61 and a 200-day moving average of $316.26. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) 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 firm 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 business’s revenue for the quarter was up 9.1% on a year-over-year basis. Research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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. The trade was a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LULU has been the topic of several research analyst reports. Raymond James reaffirmed an “outperform” rating and issued a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. UBS Group boosted their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Truist Financial raised their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. KeyCorp upped their target price on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, TD Securities lifted their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $399.14.

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.