Marshall Financial Group LLC Acquires 222 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Marshall Financial Group LLC increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,127 shares of the apparel retailer’s stock after purchasing an additional 222 shares during the quarter. Marshall Financial Group LLC’s holdings in Lululemon Athletica were worth $1,196,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after acquiring an additional 894,531 shares in the last quarter. Maverick Capital Ltd. purchased a new position in Lululemon Athletica in the third quarter valued at about $93,476,000. The Manufacturers Life Insurance Company grew its stake in Lululemon Athletica by 136.3% in the third 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 during the last quarter. Southpoint Capital Advisors LP bought a new position in Lululemon Athletica in the third quarter worth about $81,405,000. Finally, River Road Asset Management LLC purchased a new stake in shares of Lululemon Athletica during the third quarter valued at about $79,503,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 3.1 %

Shares of Lululemon Athletica stock opened at $400.03 on Friday. The firm has a market cap of $48.72 billion, a PE ratio of 28.88, a P/E/G ratio of 2.50 and a beta of 1.18. The business has a 50-day moving average price of $368.60 and a 200 day moving average price of $307.47. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $491.30.

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 analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the business earned $2.53 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.34 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on LULU. Piper Sandler boosted their price objective on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. UBS Group increased their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a research report on Friday, January 10th. Stifel Nicolaus restated a “buy” rating and set a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, TD Securities lifted their price objective 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $391.00.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were 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 owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’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 transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

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.