Empirical Asset Management LLC Boosts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Empirical Asset Management LLC raised its position in shares of Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 3,093.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,270 shares of the apparel retailer’s stock after buying an additional 26,416 shares during the period. Empirical Asset Management LLC’s holdings in Lululemon Athletica were worth $10,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after acquiring an additional 44,294 shares during the period. Legal & General Group Plc lifted its position in shares of Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after purchasing an additional 37,239 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after purchasing an additional 894,531 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Lululemon Athletica by 38.2% in the second quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after purchasing an additional 203,882 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Lululemon Athletica by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock worth $190,567,000 after buying an additional 19,808 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Stock Down 1.5 %

NASDAQ LULU opened at $370.99 on Friday. The business’s 50-day moving average price is $360.19 and its 200 day moving average price is $303.57. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $491.30. The firm has a market cap of $45.18 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.53 earnings per share. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LULU shares. TD Cowen upped their price objective on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Evercore ISI increased their price target on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Citigroup boosted their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. BMO Capital Markets increased their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Finally, Raymond James reiterated an “outperform” rating and set a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus target price of $390.33.

Check Out Our Latest Research Report 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 offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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