AXS Investments LLC Purchases New Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

AXS Investments LLC purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULUFree Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,535 shares of the apparel retailer’s stock, valued at approximately $959,000.

A number of other large investors also recently bought and sold shares of the business. FORA Capital LLC increased its stake in Lululemon Athletica by 1,152.5% during the 1st quarter. FORA Capital LLC now owns 34,808 shares of the apparel retailer’s stock valued at $12,677,000 after purchasing an additional 32,029 shares in the last quarter. Spire Wealth Management increased its stake in Lululemon Athletica by 45.8% during the 1st quarter. Spire Wealth Management now owns 4,171 shares of the apparel retailer’s stock valued at $1,519,000 after purchasing an additional 1,311 shares in the last quarter. Arlington Partners LLC increased its stake in Lululemon Athletica by 225.0% during the 2nd quarter. Arlington Partners LLC now owns 91 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 63 shares in the last quarter. HighTower Advisors LLC increased its stake in Lululemon Athletica by 32.6% during the 1st quarter. HighTower Advisors LLC now owns 63,502 shares of the apparel retailer’s stock valued at $23,165,000 after purchasing an additional 15,622 shares in the last quarter. Finally, Savant Capital LLC bought a new stake in Lululemon Athletica during the 1st quarter valued at about $253,000. 91.50% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Up 0.5 %

LULU traded up $2.16 during trading hours on Friday, hitting $422.44. The company’s stock had a trading volume of 1,219,910 shares, compared to its average volume of 1,322,397. The business’s 50-day moving average price is $393.67 and its 200-day moving average price is $381.37. Lululemon Athletica Inc. has a 12 month low of $286.58 and a 12 month high of $437.05. The stock has a market cap of $53.68 billion, a price-to-earnings ratio of 53.47, a P/E/G ratio of 1.87 and a beta of 1.34.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last announced its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.14. Lululemon Athletica had a net margin of 11.40% and a return on equity of 44.47%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business posted $2.20 earnings per share. Lululemon Athletica’s quarterly revenue was up 17.8% on a year-over-year basis. On average, analysts forecast that Lululemon Athletica Inc. will post 12.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on LULU. HSBC began coverage on shares of Lululemon Athletica in a research note on Monday, September 18th. They set a “buy” rating and a $500.00 price objective for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $450.00 price target on shares of Lululemon Athletica in a research note on Thursday, September 21st. Wedbush lifted their price target on shares of Lululemon Athletica from $415.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, September 1st. Piper Sandler lifted their price target on shares of Lululemon Athletica from $450.00 to $455.00 and gave the stock an “overweight” rating in a research note on Friday, September 1st. Finally, Raymond James lifted their price target on shares of Lululemon Athletica from $438.00 to $440.00 and gave the stock a “strong-buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $445.94.

View Our Latest Analysis on Lululemon Athletica

Insider Buying and Selling

In other Lululemon Athletica news, insider Michelle Sun Choe sold 27,981 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $401.00, for a total transaction of $11,220,381.00. Following the transaction, the insider now owns 3,892 shares in the company, valued at $1,560,692. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

About Lululemon Athletica

(Free Report)

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

Further Reading

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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