Mutual Advisors LLC Grows Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Mutual Advisors LLC increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,303 shares of the apparel retailer’s stock after buying an additional 681 shares during the period. Mutual Advisors LLC’s holdings in Lululemon Athletica were worth $3,379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. XTX Topco Ltd increased its holdings in shares of Lululemon Athletica by 281.4% during the second quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock valued at $2,657,000 after acquiring an additional 6,562 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Lululemon Athletica by 31.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer’s stock valued at $4,607,000 after purchasing an additional 3,721 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in Lululemon Athletica by 9.7% in the second quarter. Gateway Investment Advisers LLC now owns 34,709 shares of the apparel retailer’s stock worth $10,368,000 after buying an additional 3,077 shares during the last quarter. Rheos Capital Works Inc. lifted its stake in shares of Lululemon Athletica by 19.2% in the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after buying an additional 2,500 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Lululemon Athletica by 4.0% during the first quarter. Nordea Investment Management AB now owns 8,261 shares of the apparel retailer’s stock valued at $3,250,000 after buying an additional 321 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Truist Financial restated a “buy” rating and issued a $310.00 price objective on shares of Lululemon Athletica in a report on Wednesday, August 28th. Citigroup dropped their price objective on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Bank of America dropped their price target on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $354.55.

Lululemon Athletica Stock Down 0.3 %

Shares of Lululemon Athletica stock opened at $303.85 on Thursday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The stock’s 50-day simple moving average is $272.78 and its 200-day simple moving average is $293.03. The company has a market capitalization of $37.31 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 2.17 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.22. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.68 EPS. On average, equities analysts expect that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

About Lululemon Athletica

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.