Blue Trust Inc. increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) by 10.3% during the 4th quarter, Holdings Channel reports. The firm owned 759 shares of the apparel retailer’s stock after buying an additional 71 shares during the period. Blue Trust Inc.’s holdings in Lululemon Athletica were worth $290,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of LULU. Narwhal Capital Management lifted its stake in shares of Lululemon Athletica by 47.5% in the fourth quarter. Narwhal Capital Management now owns 5,177 shares of the apparel retailer’s stock worth $1,980,000 after buying an additional 1,668 shares in the last quarter. Marshall Financial Group LLC grew its position in Lululemon Athletica by 7.6% in the 4th quarter. Marshall Financial Group LLC now owns 3,127 shares of the apparel retailer’s stock worth $1,196,000 after purchasing an additional 222 shares during the period. Linden Thomas Advisory Services LLC grew its holdings in shares of Lululemon Athletica by 5.3% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,955 shares of the apparel retailer’s stock worth $3,042,000 after acquiring an additional 400 shares during the period. Fifth Third Bancorp increased its position in Lululemon Athletica by 26.3% during the fourth quarter. Fifth Third Bancorp now owns 21,505 shares of the apparel retailer’s stock valued at $8,224,000 after acquiring an additional 4,479 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the period. 85.20% of the stock is owned by institutional investors.
Insider Activity
In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica 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 transaction, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $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.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on LULU
Lululemon Athletica Stock Down 1.7 %
Shares of LULU stock opened at $414.20 on Monday. The stock has a market cap of $50.44 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.68 and a beta of 1.18. The business has a 50-day simple moving average of $378.74 and a 200-day simple moving average of $311.90. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94.
Lululemon Athletica (NASDAQ:LULU – Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.53 earnings per share. Sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.
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.
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