Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Giverny Capital Inc.

Giverny Capital Inc. raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,777 shares of the apparel retailer’s stock after acquiring an additional 1,188 shares during the quarter. Lululemon Athletica makes up 2.9% of Giverny Capital Inc.’s investment portfolio, making the stock its 15th biggest holding. Giverny Capital Inc. owned about 0.10% of Lululemon Athletica worth $62,263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LULU. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $1,114,000. Rockline Wealth Management LLC purchased a new position in Lululemon Athletica in the 4th quarter valued at approximately $1,503,000. Envestnet Asset Management Inc. grew its holdings in Lululemon Athletica by 30.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock valued at $73,248,000 after buying an additional 44,141 shares during the last quarter. Blair William & Co. IL grew its holdings in Lululemon Athletica by 1.9% during the 3rd quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock valued at $112,081,000 after buying an additional 5,403 shares during the last quarter. Finally, HB Wealth Management LLC grew its holdings in Lululemon Athletica by 10.9% during the 4th quarter. HB Wealth Management LLC now owns 1,703 shares of the apparel retailer’s stock valued at $871,000 after buying an additional 168 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Martha A. M. Morfitt acquired 700 shares of Lululemon Athletica stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the transaction, the director now directly owns 500 shares of the company’s stock, valued at $194,645. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on LULU. Wells Fargo & Company decreased their price objective on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Friday, March 22nd. Evercore ISI cut their target price on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Guggenheim cut their target price on Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Truist Financial cut their price objective on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Finally, Wedbush dropped their target price on Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $474.79.

Lululemon Athletica Trading Down 1.3 %

Shares of Lululemon Athletica stock traded down $4.09 during trading on Tuesday, hitting $322.98. 2,184,196 shares of the stock traded hands, compared to its average volume of 1,773,886. The firm has a market cap of $40.70 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. Lululemon Athletica Inc. has a 52-week low of $322.15 and a 52-week high of $516.39. The stock’s fifty day simple moving average is $376.29 and its 200 day simple moving average is $433.83.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the company posted $4.40 earnings per share. The company’s revenue was up 15.6% compared to the same quarter last year. As a group, equities analysts expect that Lululemon Athletica Inc. will post 14.15 EPS for the current 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.