Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by First Trust Direct Indexing L.P.

Posted by Defense World Staff on Sep 26th, 2023

First Trust Direct Indexing L.P. boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) by 13.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 962 shares of the apparel retailer’s stock after purchasing an additional 115 shares during the period. First Trust Direct Indexing L.P.’s holdings in Lululemon Athletica were worth $364,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FORA Capital LLC lifted its stake in Lululemon Athletica by 1,152.5% during the first 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 during the last quarter. Spire Wealth Management lifted its stake in Lululemon Athletica by 45.8% during the first 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 during the last quarter. Simplicity Solutions LLC lifted its stake in Lululemon Athletica by 124.3% during the first quarter. Simplicity Solutions LLC now owns 3,070 shares of the apparel retailer’s stock valued at $1,118,000 after purchasing an additional 1,701 shares during the last quarter. Janiczek Wealth Management LLC lifted its stake in Lululemon Athletica by 126.5% during the first quarter. Janiczek Wealth Management LLC now owns 77 shares of the apparel retailer’s stock valued at $28,000 after purchasing an additional 43 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Lululemon Athletica by 32.6% during the first 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 during the last quarter. 91.50% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Trading Down 1.0 %

NASDAQ LULU opened at $384.33 on Tuesday. The company has a fifty day simple moving average of $383.73 and a 200 day simple moving average of $367.73. The company has a market cap of $48.83 billion, a P/E ratio of 48.65, a P/E/G ratio of 1.72 and a beta of 1.39. Lululemon Athletica Inc. has a 1 year low of $277.50 and a 1 year high of $406.94.

Lululemon Athletica (NASDAQ:LULU – Get Free Report) last issued its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.14. Lululemon Athletica had a net margin of 11.40% and a return on equity of 44.47%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the firm earned $2.20 EPS. The business’s revenue was up 17.8% on a year-over-year basis. Equities research analysts forecast that Lululemon Athletica Inc. will post 12.15 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Michelle Sun Choe sold 27,981 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $401.00, for a total value of $11,220,381.00. Following the completion of the sale, the insider now directly owns 3,892 shares of the company’s stock, valued at approximately $1,560,692. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LULU shares. Citigroup set a $450.00 target price on shares of Lululemon Athletica and gave the company a “buy” rating in a research note on Friday, September 1st. Sanford C. Bernstein upgraded shares of Lululemon Athletica from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $328.00 to $366.00 in a report on Tuesday, September 5th. Stifel Nicolaus boosted their price target on shares of Lululemon Athletica from $460.00 to $463.00 and gave the company a “buy” rating in a report on Friday, September 1st. Raymond James boosted their price target on shares of Lululemon Athletica from $438.00 to $440.00 and gave the company a “strong-buy” rating in a report on Friday, September 1st. Finally, UBS Group boosted their price target on shares of Lululemon Athletica from $407.00 to $429.00 in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $441.93.

Read Our Latest Analysis on LULU

Lululemon Athletica 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.