Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Aviance Capital Partners LLC

Aviance Capital Partners LLC lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,836 shares of the apparel retailer’s stock after buying an additional 31 shares during the period. Aviance Capital Partners LLC’s holdings in Lululemon Athletica were worth $2,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in LULU. Maverick Capital Ltd. acquired a new stake in shares of Lululemon Athletica during the 3rd quarter worth approximately $93,476,000. The Manufacturers Life Insurance Company increased its holdings in shares of 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 worth $143,624,000 after buying an additional 305,302 shares during the last quarter. Southpoint Capital Advisors LP acquired a new stake in shares of Lululemon Athletica during the 3rd quarter worth approximately $81,405,000. Los Angeles Capital Management LLC boosted its position in shares of Lululemon Athletica by 248.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock worth $123,530,000 after purchasing an additional 230,349 shares during the period. Finally, Swedbank AB boosted its position in shares of Lululemon Athletica by 151.0% during the 3rd 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 period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on 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. The trade was a 24.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $347.94 on Friday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The firm has a 50 day simple moving average of $383.81 and a 200-day simple moving average of $331.76. The firm has a market cap of $42.37 billion, a PE ratio of 25.12, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $2.36 billion. During the same quarter in the prior year, the business posted $2.53 earnings per share. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LULU has been the subject of a number of research analyst reports. Piper Sandler increased their price objective on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Guggenheim increased their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Telsey Advisory Group increased their price objective on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. One 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Lululemon Athletica Company 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.