Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Beck Bode LLC

Beck Bode LLC boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 49.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 39,144 shares of the apparel retailer’s stock after buying an additional 13,007 shares during the quarter. Lululemon Athletica makes up about 2.3% of Beck Bode LLC’s holdings, making the stock its 20th biggest holding. Beck Bode LLC’s holdings in Lululemon Athletica were worth $11,692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LULU. Moody National Bank Trust Division lifted its holdings in shares of Lululemon Athletica by 1.0% in the 1st quarter. Moody National Bank Trust Division now owns 2,846 shares of the apparel retailer’s stock worth $1,112,000 after acquiring an additional 29 shares during the last quarter. Congress Wealth Management LLC DE grew its stake in shares of Lululemon Athletica by 2.0% in the fourth quarter. Congress Wealth Management LLC DE now owns 1,519 shares of the apparel retailer’s stock valued at $777,000 after buying an additional 30 shares in the last quarter. Graypoint LLC grew its stake in shares of Lululemon Athletica by 5.1% in the first quarter. Graypoint LLC now owns 699 shares of the apparel retailer’s stock valued at $273,000 after buying an additional 34 shares in the last quarter. William Allan Corp raised its holdings in shares of Lululemon Athletica by 0.8% in the 1st quarter. William Allan Corp now owns 4,896 shares of the apparel retailer’s stock valued at $1,913,000 after buying an additional 37 shares during the period. Finally, FinTrust Capital Advisors LLC lifted its stake in Lululemon Athletica by 50.7% during the 4th quarter. FinTrust Capital Advisors LLC now owns 113 shares of the apparel retailer’s stock worth $58,000 after acquiring an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

LULU opened at $268.41 on Wednesday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39. The stock has a market capitalization of $33.55 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.25. The business’s 50-day simple moving average is $261.01 and its 200-day simple moving average is $321.31.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.68 earnings per share. On average, equities research analysts forecast that Lululemon Athletica Inc. will post 14.03 EPS for the current fiscal year.

Lululemon Athletica declared that its board has authorized a share repurchase plan on Wednesday, June 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the apparel retailer to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of recent research reports. Wells Fargo & Company cut their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. UBS Group cut their target price on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Piper Sandler raised their price target on shares of Lululemon Athletica from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Wedbush cut their price objective on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Finally, Morgan Stanley reduced their price objective on Lululemon Athletica from $329.00 to $326.00 and set an “overweight” rating on the stock in a research note on Sunday, September 1st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average target price of $354.94.

Insiders Place Their Bets

In other Lululemon Athletica news, CEO Calvin Mcdonald bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the purchase, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Company 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.