Kestra Investment Management LLC Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Kestra Investment Management LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 83 shares of the apparel retailer’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Maverick Capital Ltd. purchased a new position in shares of Lululemon Athletica in the third quarter valued at $93,476,000. The Manufacturers Life Insurance Company increased its stake in Lululemon Athletica by 136.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after purchasing an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $81,405,000. River Road Asset Management LLC acquired a new position in shares of Lululemon Athletica in the third quarter valued at about $79,503,000. Finally, Swedbank AB raised its stake in shares of Lululemon Athletica by 151.0% in the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock worth $99,744,000 after purchasing an additional 221,112 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LULU shares. Truist Financial upped their target price on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. TD Securities boosted their target price 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. BMO Capital Markets increased their price target on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, UBS Group boosted their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock opened at $358.97 on Friday. The stock has a market capitalization of $43.72 billion, a P/E ratio of 25.92, a PEG ratio of 2.22 and a beta of 1.19. The business has a 50 day simple moving average of $388.35 and a two-hundred day simple moving average of $325.21. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company earned $2.53 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. As a group, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was 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 in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.