450 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULUFree Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 450 shares of the apparel retailer’s stock, valued at approximately $230,000.

Several other hedge funds have also added to or reduced their stakes in the business. Union Savings Bank acquired a new stake in shares of Lululemon Athletica in the 2nd quarter valued at about $25,000. Milestone Investment Advisors LLC acquired a new stake in shares of Lululemon Athletica in the 3rd quarter valued at about $27,000. Bogart Wealth LLC raised its stake in shares of Lululemon Athletica by 270.0% in the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 54 shares during the period. Founders Capital Management acquired a new stake in shares of Lululemon Athletica in the 3rd quarter valued at about $39,000. Finally, PCA Investment Advisory Services Inc. acquired a new stake in shares of Lululemon Athletica in the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 91.50% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $464.94 on Friday. Lululemon Athletica Inc. has a 52-week low of $289.14 and a 52-week high of $516.39. The company has a market capitalization of $58.67 billion, a PE ratio of 59.15, a price-to-earnings-growth ratio of 1.62 and a beta of 1.33. The company has a fifty day moving average of $466.08 and a 200-day moving average of $439.54.

Lululemon Athletica announced that its board has authorized a share buyback program on Thursday, December 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the apparel retailer to buy up to 1.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 705 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $500.00, for a total transaction of $352,500.00. Following the sale, the insider now owns 3,996 shares of the company’s stock, valued at $1,998,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lululemon Athletica news, insider Nicole Neuburger sold 705 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $500.00, for a total transaction of $352,500.00. Following the sale, the insider now owns 3,996 shares of the company’s stock, valued at $1,998,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Meghan Frank sold 1,553 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $500.00, for a total transaction of $776,500.00. Following the sale, the chief financial officer now directly owns 8,381 shares in the company, valued at approximately $4,190,500. The disclosure for this sale can be found here. Insiders have sold a total of 27,258 shares of company stock valued at $13,566,500 over the last 90 days. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LULU. Citigroup set a $520.00 price objective on Lululemon Athletica and gave the company a “buy” rating in a report on Friday, December 8th. Truist Financial raised their price objective on Lululemon Athletica from $555.00 to $561.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Piper Sandler raised their price objective on Lululemon Athletica from $495.00 to $560.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. KeyCorp raised their price objective on Lululemon Athletica from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Friday, January 12th. Finally, Robert W. Baird raised their price objective on Lululemon Athletica from $520.00 to $555.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $493.87.

Get Our Latest Stock Report on LULU

Lululemon Athletica Company Profile

(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

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica Inc. (NASDAQ:LULUFree Report).

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

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