Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC raised its position in Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 2.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 66,458 shares of the apparel retailer’s stock after acquiring an additional 1,630 shares during the period. HighTower Advisors LLC owned approximately 0.05% of Lululemon Athletica worth $25,722,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zurich Insurance Group Ltd FI lifted its stake in shares of Lululemon Athletica by 11.6% in the second quarter. Zurich Insurance Group Ltd FI now owns 95,880 shares of the apparel retailer’s stock valued at $36,291,000 after purchasing an additional 9,943 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Lululemon Athletica by 168.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 7,163 shares of the apparel retailer’s stock valued at $2,711,000 after purchasing an additional 4,497 shares during the period. MML Investors Services LLC lifted its stake in shares of Lululemon Athletica by 10.2% in the second quarter. MML Investors Services LLC now owns 14,706 shares of the apparel retailer’s stock valued at $5,566,000 after purchasing an additional 1,356 shares during the period. US Bancorp DE lifted its stake in shares of Lululemon Athletica by 10.8% in the third quarter. US Bancorp DE now owns 75,597 shares of the apparel retailer’s stock valued at $29,151,000 after purchasing an additional 7,375 shares during the period. Finally, LGT Capital Partners LTD. lifted its stake in shares of Lululemon Athletica by 8.0% in the third quarter. LGT Capital Partners LTD. now owns 261,880 shares of the apparel retailer’s stock valued at $100,984,000 after purchasing an additional 19,350 shares during the period. Institutional investors and hedge funds own 91.50% of the company’s stock.

Insiders Place Their Bets

In other Lululemon Athletica news, CEO Calvin Mcdonald sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $497.50, for a total transaction of $12,437,500.00. Following the completion of the sale, the chief executive officer now directly owns 73,793 shares in the company, valued at $36,712,017.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Celeste Burgoyne sold 15,400 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $494.64, for a total transaction of $7,617,456.00. Following the transaction, the insider now directly owns 9,902 shares of the company’s stock, valued at $4,897,925.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Calvin Mcdonald sold 25,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $497.50, for a total transaction of $12,437,500.00. Following the transaction, the chief executive officer now directly owns 73,793 shares in the company, valued at $36,712,017.50. The disclosure for this sale can be found here. Insiders sold a total of 42,658 shares of company stock worth $21,183,956 over the last ninety days. 0.54% of the stock is owned by company insiders.

Lululemon Athletica Stock Down 0.6 %

LULU opened at $470.24 on Friday. Lululemon Athletica Inc. has a 52-week low of $286.58 and a 52-week high of $516.39. The company has a 50 day moving average of $485.11 and a two-hundred day moving average of $426.00. The company has a market cap of $59.34 billion, a P/E ratio of 59.83, a P/E/G ratio of 1.64 and a beta of 1.33.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last released its quarterly earnings data on Thursday, December 7th. The apparel retailer reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.25. Lululemon Athletica had a net margin of 10.89% and a return on equity of 44.81%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the firm earned $2.00 earnings per share. Lululemon Athletica’s revenue for the quarter was up 18.5% on a year-over-year basis. Research analysts anticipate that Lululemon Athletica Inc. will post 12.47 earnings per share for the current year.

Lululemon Athletica declared that its board has approved a share repurchase program on Thursday, December 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the apparel retailer to repurchase up to 1.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts recently commented on LULU shares. BMO Capital Markets raised their price objective on shares of Lululemon Athletica from $376.00 to $408.00 and gave the company a “market perform” rating in a research note on Friday, December 8th. Needham & Company LLC lifted their target price on shares of Lululemon Athletica from $470.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, December 8th. Bank of America lifted their target price on shares of Lululemon Athletica from $450.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, December 8th. Raymond James lifted their target price on shares of Lululemon Athletica from $495.00 to $520.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. Finally, Piper Sandler lifted their target price on shares of Lululemon Athletica from $495.00 to $560.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $500.55.

View Our Latest Stock Report on Lululemon Athletica

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.

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

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