Integrated Advisors Network LLC Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Posted by Defense World Staff on Apr 24th, 2023

Integrated Advisors Network LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 699 shares of the apparel retailer’s stock, valued at approximately $224,000.

Several other large investors also recently modified their holdings of the stock. Guardian Wealth Advisors LLC bought a new stake in shares of Lululemon Athletica in the third quarter valued at about $26,000. Ronald Blue Trust Inc. boosted its position in shares of Lululemon Athletica by 87.8% in the third quarter. Ronald Blue Trust Inc. now owns 154 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 72 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $45,000. Tobam grew its position in Lululemon Athletica by 94.2% during the third quarter. Tobam now owns 200 shares of the apparel retailer’s stock worth $56,000 after buying an additional 97 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of Lululemon Athletica in the third quarter worth $58,000. 82.04% of the stock is owned by institutional investors.

Insider Activity at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 17,343 shares of the business’s stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $362.00, for a total value of $6,278,166.00. Following the completion of the sale, the insider now directly owns 15,302 shares of the company’s stock, valued at approximately $5,539,324. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by corporate insiders.

Lululemon Athletica Stock Up 0.3 %

Lululemon Athletica stock opened at $377.80 on Monday. Lululemon Athletica Inc. has a 12-month low of $251.51 and a 12-month high of $386.70. The firm’s fifty day moving average is $329.59 and its 200 day moving average is $326.71. The company has a market capitalization of $48.04 billion, a PE ratio of 56.56, a PEG ratio of 1.65 and a beta of 1.39.

Lululemon Athletica (NASDAQ:LULU – Get Rating) last released its earnings results on Tuesday, March 28th. The apparel retailer reported $4.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.26 by $0.14. Lululemon Athletica had a net margin of 10.54% and a return on equity of 44.01%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the company earned $3.37 EPS. Lululemon Athletica’s quarterly revenue was up 30.2% compared to the same quarter last year. Sell-side analysts expect that Lululemon Athletica Inc. will post 11.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LULU has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on shares of Lululemon Athletica from $304.00 to $340.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 29th. Bank of America increased their price objective on shares of Lululemon Athletica from $410.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday. Oppenheimer upped their target price on Lululemon Athletica from $393.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 8th. Citigroup upgraded Lululemon Athletica from a “neutral” rating to a “buy” rating and upped their target price for the stock from $350.00 to $440.00 in a research note on Wednesday, March 29th. Finally, Cowen cut their target price on Lululemon Athletica from $516.00 to $488.00 in a research note on Tuesday, January 10th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $405.38.

About Lululemon Athletica

(Get Rating)

lululemon athletica, Inc engages in the business of designing, distributing, and retailing technical athletic apparel, footwear, and accessories. It operates through the following segments: Company-Operated Stores, Direct to Consumer, and Other. The company was founded by Dennis James Wilson in 1998 and is headquartered in Vancouver, Canada.