Shulman DeMeo Asset Management LLC Takes $222,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Shulman DeMeo Asset Management LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 580 shares of the apparel retailer’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Lululemon Athletica by 38.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after buying an additional 203,882 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in Lululemon Athletica by 10.2% during the second quarter. Citizens Financial Group Inc. RI now owns 841 shares of the apparel retailer’s stock worth $251,000 after purchasing an additional 78 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Lululemon Athletica in the 2nd quarter valued at $2,751,000. Axxcess Wealth Management LLC raised its holdings in shares of Lululemon Athletica by 52.3% during the 2nd quarter. Axxcess Wealth Management LLC now owns 1,467 shares of the apparel retailer’s stock worth $438,000 after buying an additional 504 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Lululemon Athletica by 1.5% during the 2nd quarter. Amalgamated Bank now owns 25,040 shares of the apparel retailer’s stock worth $7,479,000 after buying an additional 367 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the 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 completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. TD Securities upped their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Wells Fargo & Company raised their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a report on Wednesday. Robert W. Baird boosted their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Truist Financial lifted their price target on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Two investment analysts have 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $390.33.

Lululemon Athletica Trading Down 1.5 %

LULU opened at $370.99 on Friday. The company has a market cap of $45.18 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 2.71 and a beta of 1.18. The company’s fifty day moving average price is $360.19 and its two-hundred day moving average price is $303.57. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.53 EPS. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.18 earnings per share for the current fiscal 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.