Alpha Cubed Investments LLC Has $13.88 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Alpha Cubed Investments LLC increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,301 shares of the apparel retailer’s stock after purchasing an additional 1,197 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Lululemon Athletica were worth $13,882,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Lululemon Athletica by 14.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,018 shares of the apparel retailer’s stock worth $901,000 after acquiring an additional 389 shares during the period. Bridges Investment Management Inc. acquired a new position in shares of Lululemon Athletica in the 2nd quarter worth approximately $200,000. Pacer Advisors Inc. lifted its position in shares of Lululemon Athletica by 75.4% in the 2nd quarter. Pacer Advisors Inc. now owns 25,889 shares of the apparel retailer’s stock worth $7,733,000 after purchasing an additional 11,126 shares during the period. Ensign Peak Advisors Inc boosted its stake in shares of Lululemon Athletica by 10.1% in the 2nd quarter. Ensign Peak Advisors Inc now owns 107,467 shares of the apparel retailer’s stock valued at $32,100,000 after purchasing an additional 9,894 shares during the last quarter. Finally, 1832 Asset Management L.P. acquired a new stake in shares of Lululemon Athletica during the second quarter worth $35,545,000. 85.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LULU. KeyCorp upped their price target on shares of Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Robert W. Baird lifted their target price on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price target on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Truist Financial lifted their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $390.33.

Lululemon Athletica Stock Up 0.7 %

Shares of NASDAQ LULU opened at $373.70 on Tuesday. The company has a market capitalization of $45.51 billion, a PE ratio of 26.98, a PEG ratio of 2.44 and a beta of 1.18. The stock’s 50 day moving average price is $362.61 and its 200-day moving average price is $304.59. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 EPS. As a group, research analysts expect that Lululemon Athletica Inc. will post 14.33 EPS for the current fiscal year.

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.